AT&T INC. — Director's Dealing 2012

Nov 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2012-10-31

Reporting Person: Lee Lori M (voluntary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-31	Common Stock	A	493.1925	$34.59	Acquired	14801.2079	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28725	Direct
Common Stock	2076.9762	Indirect
Common Stock	4000	Indirect

Footnotes

F1: Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis.