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AT&T INC. Director's Dealing 2012

Jan 4, 2012

29786_dirs_2012-01-04_4dd492c7-2746-47d8-943d-b7521216685a.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: 2011-12-30

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-12-30 Common Stock A 735.7142 $30.24 Acquired 30827.5856 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 309761.0744 Direct
Common Stock 8061.5967 Indirect
Common Stock 6.0654 Indirect
Common Stock 704.7338 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.

F2: Includes 312.6011 shares acquired on 11/2/2011 at a price of $29.2267 through reinvested dividends under under broker-administered dividend reinvestment plan.

F3: Includes 10.2180 shares acquired on 11/2/2011 at a price of $29.2267 through reinvested dividends under under broker-administered dividend reinvestment plan.