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AT&T INC. Director's Dealing 2010

Aug 4, 2010

29786_dirs_2010-08-04_862bfc7e-710d-409b-81f9-56624733fa64.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: 2010-08-02

Reporting Person: KELLY JAMES P (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-08-02 Phantom Deferral Shares $0 A 43.0939 Acquired Common Stock (43.0939) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 5967 Direct

Footnotes

F1: Dividend equivalents reinvested pursuant to various BellSouth Corporation director deferral plans. Upon distribution, each unit is converted into the equivalent value in cash of one share of AT&T common stock.