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: STANKEY JOHN T (Pres. and CEO, AT&T Oprs.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-10	Common Stock	F	2038.5704	$25.52	Disposed	37078.1368	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	281419	Direct
Common Stock	2202.178	Indirect
Common Stock	80969	Indirect

Footnotes

F1: Represents mandatory tax withholding of shares.

F2: Reflects transfer of 3,781 shares owned indirectly in benefit plan to direct ownership.