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AT&T INC. Director's Dealing 2016

Feb 19, 2016

Director's Dealing

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Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2016-01-28

Reporting Person: STEPHENSON RANDALL L (Director, Chairman, CEO and President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-28	Common Stock	A	160865.14	—	Acquired	356738.1707	Indirect
2016-01-28	Common Stock	F	67482.926	$35.53	Disposed	289255.2447	Indirect
2016-01-28	Common Stock	D	93382.214	$35.53	Disposed	195873.0307	Indirect

F1: Distribution of performance shares.

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

F3: Amended to reflect indirect ownership by Benefit Plan.

F4: Mandatory tax withholding on distribution of performance shares.

F5: Amended to reflect actual shares distributed as a result of re-calculation of taxes.

F6: Represents performance shares distributed in cash, after taxes.