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AT&T INC. Director's Dealing 2011

Jun 16, 2011

29786_dirs_2011-06-16_797172af-2c94-4417-8f8f-6d4ce68fa230.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: 2011-06-15

Reporting Person: STEPHENS JOHN JOSEPH (Sr. Exec. VP and CFO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-06-15 Employee Stock Option (Right to Buy) - SPDP $30.35 A 39919 Acquired 2021-06-15 Common Stock (39919) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 163187 Direct
Common Stock 1694.4168 Indirect
Common Stock 30659.0694 Indirect

Footnotes

F1: Options were acquired pursuant to the AT&T Stock Purchase and Deferral Plan, where two options are issued for each share purchased by a participant's contributions. Options are exercisable upon termination of employment or one year after issuance whichever is earlier.

F2: Represents number of options granted. Reporting person may purchase one share of Issuer's common stock per option.