AT&T INC. — Director's Dealing 2011

Mar 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2011-03-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-10	Common Stock	F	494.1897	$28.61	Disposed	41150.3047	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	253666	Direct
Common Stock	2810.7069	Indirect
Common Stock	129482	Indirect

Footnotes

F1: Mandatory tax withholding of shares.

F2: Reflects transfer of 916 shares owned indirectly in benefit plan to direct ownership.