Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* BLASE WILLIAM A JR	2. Issuer Name and Ticker or Trading Symbol AT&T INC. [ T ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) Sr. Exec. VP-Human Resources
(Last) (First) (Middle) 208 S. AKARD STREET	3. Date of Earliest Transaction (MM/DD/YYYY) 7/25/2016
(Street) DALLAS, TX 75202 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	7/25/2016		M		2928	A	$37.23	231234	D
Common Stock	7/25/2016		F		2697	D	$43.11	228537	D
Common Stock	7/25/2016		M		1678	A	$40.28	230215	D
Common Stock	7/25/2016		F		1615	D	$43.11	228600	D
Common Stock	7/25/2016		M		2585	A	$37.88	231185	D
Common Stock	7/25/2016		F		2403	D	$43.11	228782	D
Common Stock	7/25/2016		M		1982	A	$36.17	230764	D
Common Stock	7/25/2016		F		1797	D	$43.11	228967	D
Common Stock	7/25/2016		M		3899	A	$23.22	232866	D
Common Stock	7/25/2016		F		2855	D	$43.11	230011	D
Common Stock	7/25/2016		M		3153	A	$24.63	233164	D
Common Stock	7/25/2016		F		2369	D	$43.11	230795	D
Common Stock	7/25/2016		M		4454	A	$25.32	235249	D
Common Stock	7/25/2016		F		3388	D	$43.11	231861	D
Common Stock	7/25/2016		M		3155	A	$25.54	235016	D
Common Stock	7/25/2016		F		2409	D	$43.11	232607	D
Common Stock	7/25/2016		M		4470	A	$28.24	237077	D
Common Stock	7/25/2016		F		3575	D	$43.11	233502	D
Common Stock								6310.9022	I	By 401(k)
Common Stock								66856.116	I	By Benefit Plan
Common Stock								57528	I	By Joint Trust

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy) - SPDP	$37.23	7/25/2016		M			2928	2/15/2007	2/15/2017	Common Stock	2928	$0	0	D
Employee Stock Option (Right to Buy) - SPDP	$40.28	7/25/2016		M			1678	6/15/2008	6/15/2017	Common Stock	1678	$0	0	D
Employee Stock Option (Right to Buy) - SPDP	$37.88	7/25/2016		M			2585	2/15/2009	2/15/2018	Common Stock	2585	$0	0	D
Employee Stock Option (Right to Buy) - SPDP	$36.17	7/25/2016		M			1982	6/16/2009	6/16/2018	Common Stock	1982	$0	0	D
Non-qualified Stock Option (Right to Buy)	$23.22	7/25/2016		M			3899	2/17/2010	2/17/2019	Common Stock	3899	$0	0	D
Employee Stock Option (Right to Buy) - SPDP	$24.63	7/25/2016		M			3153	6/15/2010	6/15/2019	Common Stock	3153	$0	0	D
Employee Stock Option (Right to Buy) - SPDP	$25.32	7/25/2016		M			4454	2/16/2011	2/16/2020	Common Stock	4454	$0	0	D
Employee Stock Option (Right to Buy) - SPDP	$25.54	7/25/2016		M			3155	6/15/2011	6/15/2020	Common Stock	3155	$0	0	D
Employee Stock Option (Right to Buy) - SPDP ⁽¹⁾	$28.24	7/25/2016		M			4470	2/15/2012	2/15/2021	Common Stock	4470	$0	0	D

Explanation of Responses:
( 1)	Options were acquired pursuant to the AT&T Stock Purchase and Deferral Plan, where two options are issued for each share purchased by a participant's contributions. Options are exercisable upon termination of employment or one year after issuance whichever is earlier.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BLASE WILLIAM A JR 208 S. AKARD STREET DALLAS, TX 75202			Sr. Exec. VP-Human Resources

Signatures
/s/ Stacey S. Maris, Secy., Attorney-in-fact		7/25/2016
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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