AT&T INC. — Director's Dealing 2011

Jul 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2011-06-30

Reporting Person: STANKEY JOHN T (Pres. & CEO, AT&T Corp.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-30	Common Stock	A	273.798	$31.41	Acquired	42647.0872	Indirect
2011-06-30	Common Stock	G	31632	—	Disposed	202974	Direct
2011-06-30	Common Stock	G	31632	—	Acquired	159690	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3148.5956	Indirect

Footnotes

F1: Represents shares purchased by the reporting person with automatic deductions from payroll and, to a limited extent, company matching contributions, in the form of deferred stock units settled only in stock on a 1-for-1 basis as provided for in the plan.