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
                                                                                  
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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 *

Lee Lori M
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)
CEO-AT&T LatAm&GlobalMktgOfcr
(Last)          (First)          (Middle)

208 S. AKARD STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

12/4/2020
(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)
Code V Amount (A) or (D) Price
Common Stock 12/4/2020  M  706 A (1)706 D  
Common Stock 12/4/2020  F(2)  706 D$28.75 0 D  
Common Stock 12/4/2020  M  747 A (3)747 D  
Common Stock 12/4/2020  F(2)  747 D$28.75 0 D  
Common Stock 12/4/2020  M  1078 A (4)1078 D  
Common Stock 12/4/2020  F(2)  1078 D$28.75 0 D  
Common Stock 12/4/2020  M  890 A (5)890 D  
Common Stock 12/4/2020  F(2)  890 D$28.75 0 D  
Common Stock         7164.9663 I By 401(k) 
Common Stock         7035.2023 I By Benefit Plan 
Common Stock         153045 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units (2017)  (1)12/4/2020  M     706   (1)1/26/2021 (1)Common Stock 706  (1)18240 D  
Restricted Stock Units (2018)  (3)12/4/2020  M     747   (3)1/27/2022 (3)Common Stock 747  (3)19305 D  
Restricted Stock Units (2019)  (4)12/4/2020  M     1078   (4)1/15/2023 (4)Common Stock 1078  (4)27823 D  
Restricted Stock Units (2020)  (5)12/4/2020  M     890   (5)1/15/2024 (5)Common Stock 890  (5)22988 D  

Explanation of Responses:
(1) 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.
(2) Mandatory tax withholding on vested Restricted Stock Units.
(3) 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
(4) 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.
(5) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Lee Lori M
208 S. AKARD STREET
DALLAS, TX 75202


CEO-AT&T LatAm&GlobalMktgOfcr

Signatures
/s/ Stacey S. Maris, Secy., Attorney-in-fact12/8/2020
**Signature of Reporting PersonDate

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