AT&T INC. — Director's Dealing 2010

Mar 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2010-03-10

Reporting Person: LINDNER RICHARD G (Sr. Exec. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-10	Common Stock	F	1050.3545	$25.52	Disposed	88805.9455	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	153603	Direct
Common Stock	939.268	Indirect
Common Stock	131890	Indirect

Footnotes

F1: Represents mandatory tax withholding of shares.

F2: Reflects transfer of 1,950 shares owned indirectly in benefit plan to direct ownership.