AT&T INC. — Director's Dealing 2012

Jan 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2011-12-30

Reporting Person: DE LA VEGA RAFAEL (Pres. & CEO-AT&T Mobility)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-30	Common Stock	A	284.3916	$30.24	Acquired	40267.2452	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	348063	Direct
Common Stock	1469.4764	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.