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AT&T INC. Director's Dealing 2010

Oct 4, 2010

29786_dirs_2010-10-04_20143178-ad57-4383-8607-464edefb855a.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: 2010-09-30

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-09-30 Common Stock A 669.8602 $28.6000 Acquired 26747.3440 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 280350.2914 Direct
Common Stock 7654.4570 Indirect
Common Stock 5.6623 Indirect
Common Stock 655.4856 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 309.4447 shares acquired on 8/3/2010 at a price of $26.7976 through reinvested dividends under broker-administered dividend reinvestment plan.

F3: Includes 10.1151 shares acquired on 8/3/10 at a price of $26.7976 through reinvested dividends under broker-administered dividend reinvestment plan.