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AT&T INC. Director's Dealing 2011

Mar 2, 2011

29786_dirs_2011-03-02_d4d8b419-e0af-4c57-a3c9-10d92813f2c3.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: 2011-02-28

Reporting Person: MILLER FORREST E (Grp.Pres.-Corp. Strat. & Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-28	Common Stock	A	229.4926	$28.38	Acquired	53344.9897	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	123190	Direct
Common Stock	1385.7641	Indirect
Common Stock	170419	Indirect
Common Stock	85	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.