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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-10	Common Stock	F	2993.0327	$25.52	Disposed	21073.5048	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	279391.3773	Direct
Common Stock	7331.609	Indirect
Common Stock	5.4948	Indirect
Common Stock	624.8366	Indirect

Footnotes

F1: Represents mandatory tax withholding of shares.

F2: Reflects transfer of 5,557 shares owned indirectly in benefit plan to direct ownership.