AT&T INC. — Director's Dealing 2010

Jul 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2010-06-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-30	Common Stock	A	791.98	$24.19	Acquired	24237.7271	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	280030.1312	Direct
Common Stock	7671.387	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.