AT&T INC. — Director's Dealing 2020

Dec 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2020-12-27

Reporting Person: McElfresh Jeffery S. (CEO, AT&T Communications, LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-27	Common Stock	M	137	—	Acquired	64483	Direct
2020-12-27	Common Stock	F	137	$28.69	Disposed	64346	Direct
2020-12-27	Common Stock	M	248	—	Acquired	64594	Direct
2020-12-27	Common Stock	F	248	$28.69	Disposed	64346	Direct
2020-12-27	Common Stock	M	1025	—	Acquired	65371	Direct
2020-12-27	Common Stock	F	1025	$28.69	Disposed	64346	Direct
2020-12-27	Common Stock	M	1445	—	Acquired	65791	Direct
2020-12-27	Common Stock	F	1445	$28.69	Disposed	64346	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-27	Restricted Stock Units (2017)	$	M	137	Disposed		Common Stock (137)	Direct
2020-12-27	Restricted Stock Units (2018)	$	M	248	Disposed		Common Stock (248)	Direct
2020-12-27	Restricted Stock Units (2019)	$	M	1025	Disposed		Common Stock (1025)	Direct
2020-12-27	Restricted Stock Units (2020)	$	M	1445	Disposed		Common Stock (1445)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3512.6935	Indirect
Common Stock	41515.5217	Indirect

Footnotes

F1: Restricted stock units acquired pursuant to the 2016 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/26/2021. Vesting (but not distribution) is accelerated on retirement eligibility.

F2: Mandatory tax withholding on vested Restricted Stock Units.

F3: Restricted stock units acquired pursuant to the 2016 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/27/2022. Vesting (but not distribution) is accelerated on retirement eligibility

F4: Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/15/2023. Vesting (but not distribution) is accelerated on retirement eligibility

F5: Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.