AT&T INC. — Director's Dealing 2020

Feb 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2020-01-30

Reporting Person: STEPHENS JOHN JOSEPH (Sr. Exec. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-30	Common Stock	A	113119.2	—	Acquired	274074.0908	Indirect
2020-01-30	Common Stock	F	44502.5888	$37.43	Disposed	229571.502	Indirect
2020-01-30	Common Stock	D	45287.6112	$37.43	Disposed	184283.8908	Indirect
2020-01-30	Common Stock	D	23329	—	Disposed	160954.8908	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6539.2946	Indirect
Common Stock	507692	Direct
Common Stock	163302	Indirect

Footnotes

F1: Total performance shares distributed.

F2: Each performance share is equivalent in value to a share of common stock.

F3: Mandatory tax withholding on distribution of performance shares.

F4: Represents portion of the performance shares distributed in cash, after taxes.

F5: Reflects transfer of 23,329 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.