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: BLASE WILLIAM A JR (Sr. Exec. VP-Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-10	Common Stock	F	2635.9034	$25.52	Disposed	14671.318	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	43728	Direct
Common Stock	2474.139	Indirect
Common Stock	73228	Indirect

Footnotes

F1: Represents mandatory tax withholding of shares.

F2: Reflects transfer of 4,887 shares owned indirectly in benefit plan to direct ownership.