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AT&T INC. Director's Dealing 2011

Jun 2, 2011

29786_dirs_2011-06-02_8702232b-c7b2-45e9-82dd-fae55d462b83.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: 2011-05-31

Reporting Person: WILKINS RAYFORD JR (CEO-AT&T Diversified Bus.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-31 Common Stock A 704.943 $31.56 Acquired 24748.9112 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 309109.3316 Direct
Common Stock 8060.4935 Indirect
Common Stock 5.9016 Indirect
Common Stock 684.4727 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.

F2: Includes 282.3975 shares acquired on 5/3/2011 at a price of $31.4548 through reinvested dividends under broker-administered dividend reinvestment plan.

F3: Includes 385.4804 shares acquired on 5/2/2011 at a price of $31.3224 through reinvested dividends under dividend reinvestment plan.

F4: Includes 0.0757 shares acquired on 5/2/2011 at a price of $31.3224 through reinvested dividends under dividend reinvestment plan.

F5: Includes 9.2307 shares acquired on 5/3/2011 at a price of $31.4548 through reinvested dividends under broker-administered dividend reinvestment plan.