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: Lee Lori M (CEO-AT&T LatAm&GlobalMktgOfcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-30	Common Stock	A	51153.3	—	Acquired	60737.2522	Indirect
2020-01-30	Common Stock	F	20128.8234	$37.43	Disposed	40608.4288	Indirect
2020-01-30	Common Stock	D	20476.4766	$37.43	Disposed	20131.9522	Indirect
2020-01-30	Common Stock	D	10548	—	Disposed	9583.9522	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6277.1441	Indirect
Common Stock	37809	Direct
Common Stock	111926	Indirect

Footnotes

F1: Distribution of performance shares.

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 10,548 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.