AT&T INC. — Director's Dealing 2020

Jan 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2020-01-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-28	Common Stock	M	69655	—	Acquired	506278	Direct
2020-01-28	Common Stock	F	21915	$38.58	Disposed	484363	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-28	Restricted Stock Units (2016)	$	M	69655	Disposed		Common Stock (69655)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6539.2946	Indirect
Common Stock	160954.8908	Indirect
Common Stock	163302	Indirect

Footnotes

F1: Restricted stock units acquired pursuant to the 2011 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/28/2020.

F2: Mandatory tax withholding on distribution of Restricted Stock Units.