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Efficient Market Advisors, LLC
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2017 | AT&T CORP | T | 67,408 | 7,744 | 2,801,000 | 263,000 | $41.55 |
| 12/31/2016 | AT&T CORP | T | 59,664 | 14,165 | 2,538,000 | 690,000 | $42.54 |
| 09/30/2016 | AT&T CORP | T | 45,499 | 24,200 | 1,848,000 | 928,000 | $40.62 |
| 06/30/2016 | AT&T CORP | T | 21,299 | 21,299 | 920,000 | 920,000 | $43.19 |
| 03/31/2016 | AT&T CORP | T | 0 | -4,522 | 0 | -156,000 | |
| 12/31/2015 | AT&T CORP | T | 4,522 | 713 | 156,000 | 27,000 | $34.50 |
| 09/30/2015 | AT&T CORP | T | 3,809 | 0 | 124,000 | -5,000 | $32.55 |
| 06/30/2015 | AT&T CORP | T | 3,809 | 0 | 135,000 | 6,000 | $35.44 |
| 03/31/2015 | AT&T CORP | T | 3,809 | 0 | 124,000 | -5,000 | $32.55 |
| 12/31/2014 | AT&T CORP | T | 3,809 | 0 | 128,000 | -1,000 | $33.60 |
| 09/30/2014 | AT&T CORP | T | 3,809 | 0 | 134,000 | 5,000 | $35.18 |
| 06/30/2014 | AT&T CORP | T | 3,809 | 0 | 135,000 | 6,000 | $35.44 |
| 03/31/2014 | AT&T CORP | T | 3,809 | 0 | 134,000 | 5,000 | $35.18 |
| 12/31/2013 | AT&T CORP | T | 3,849 | 40 | 135,000 | 6,000 | $35.07 |
| 09/30/2013 | AT&T CORP | T | 3,809 | -45 | 129,000 | -7,000 | $33.87 |
| 06/30/2013 | AT&T CORP | T | 3,854 | 0 | 136,000 | 6,000 | $35.29 |
| 03/31/2013 | AT&T CORP | T | 3,854 | 0 | 141,000 | 11,000 | $36.59 |
| 12/31/2012 | AT&T CORP | T | 3,854 | 0 | 130,000 | -15,000 | $33.73 |
| 09/30/2012 | AT&T CORP | T | 3,854 | 0 | 145,000 | 8,000 | $37.62 |
| 06/30/2012 | AT&T CORP | T | 3,854 | 0 | 137,000 | 17,000 | $35.55 |
| 03/31/2012 | AT&T CORP | T | 3,854 | 0 | 120,000 | 3,000 | $31.14 |
| 12/31/2011 | AT&T CORP | T | 3,854 | 0 | 117,000 | 7,000 | $30.36 |
| 09/30/2011 | AT&T CORP | T | 3,854 | 2,000 | 110,000 | 52,000 | $28.54 |
| 06/30/2011 | AT&T CORP | T | 1,854 | 0 | 58,000 | 1,000 | $31.28 |
| 03/31/2011 | AT&T CORP | T | 1,854 | 0 | 57,000 | 3,000 | $30.74 |
| 12/31/2010 | AT&T CORP | T | 1,854 | 0 | 54,000 | 1,000 | $29.13 |
| 09/30/2010 | AT&T CORP | T | 1,854 | -601 | 53,000 | -6,000 | $28.59 |
| 06/30/2010 | AT&T CORP | T | 2,455 | 401 | 59,000 | 6,000 | $24.03 |
| 03/31/2010 | AT&T CORP | T | 2,054 | 2,054 | 53,000 | 53,000 | $25.80 |
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