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AT&T INC. Director's Dealing 2010

Jun 2, 2010

29786_dirs_2010-06-02_829c72a0-35fb-4d05-a57e-bc35cfd9e461.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2010-05-28

Reporting Person: WILKINS RAYFORD JR (CEO-AT&T Diversified Bus.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-28 Common Stock A 783.8518 $24.3 Acquired 23445.7471 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 280030.1312 Direct
Common Stock 7666.59 Indirect
Common Stock 5.578 Indirect
Common Stock 645.3705 Indirect

Footnotes

F1: Automatic purchase of shares by the reporting person with payroll deductions and, to a limited extent, company matching contributions, in the form of deferred stock units settled only in stock on a 1-for-1 basis as provided for in the plan.

F2: Includes 10.5614 shares acquired on 5/1/2010 at a price of $26.1877 through reinvested dividends under dividend reinvestment plan and 313.0616 shares acquired on 5/4/2010 at a price of $26.0680 through reinvested dividends under broker-administered dividend reinvestment plan.

F3: Includes .0832 shares acquired on 5/1/2010 at a price of $26.1877 through reinvested dividends under dividend reinvestment plan.

F4: Includes 10.2332 shares acquired on 5/4/2010 at a price of $26.0680 through reinvested dividends under broker-administered dividend reinvestment plan.