AT&T INC. — Director's Dealing 2012

Apr 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2012-04-25

Reporting Person: MADONNA JON C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-25	Common Stock	M	1498	$28.8575	Acquired	1498	Direct
2012-04-25	Common Stock	M	998	$28.7525	Acquired	2496	Direct
2012-04-25	Common Stock	S	2496	$31.91	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-25	Non-qualified Stock Option (Right to Buy)	$28.8575	M	1498	Disposed	2012-09-27	Common Stock (1498)	Direct
2012-04-25	Non-qualified Stock Option (Right to Buy)	$28.7525	M	998	Disposed	2012-10-15	Common Stock (998)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14573	Indirect