Dear Participant, Your AT&T Founders Grant, which was awarded on October 27th, 2014, will vest this Friday, October 27th. If you have accepted your award, the shares will be deposited into your Fidelity account and become unrestricted this Friday. This means you will own the shares wholly and can sell or transfer them if you so desire. If you have not accepted your award on-line with Fidelity, the shares will be forfeited. You may still accept your award prior to Friday by following the instructions below. Please note that the cash value of the award at vesting is considered taxable income. The necessary number of shares will be withheld to account for taxes owed. Within a week following the vesting, you can expect to receive a special pay stub that will show the income and taxes. However, please note that this is not an actual paycheck and the shares will be available in your Fidelity account. For any questions related to accepting the grant or the vesting, please contact Fidelity at 800-544-9354. Please go online at Fidelity.com or contact Fidelity at 800-544-9354 to accept your restricted stock award at your earliest convenience. You may also need to activate your account at Fidelity if you have not done so already. For your reference, here is an on-line screen-shot of where you can accept your grant under the “Quick Links” drop down. Once you accept the grant and log out and back in, the current value of your grant will be reflected. For any questions on accepting the grant or logging onto the site, please contact Fidelity.