AT&T INC. — Director's Dealing 2011

Feb 10, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2010-12-31

Reporting Person: MARTIN LYNN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-22	Common Stock	G	1104	—	Disposed	3350.1863	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	789	Indirect

Footnotes

F1: Includes 64.3838 shares acquired on 11/1/2010 at a price of $28.5053 through reinvested dividends under dividend reinvestment plan.