AT&T INC. — Director's Dealing 2012

Dec 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2012-12-07

Reporting Person: BLANCHARD JAMES H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-07	Common Stock	F	3631	$33.615	Disposed	28929	Direct
2012-12-07	Common Stock	M	6450	$18.92	Acquired	35379	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-07	Non-qualified Stock Option (Right to Buy)	$18.92	M	6450	Disposed	2013-05-01	Common Stock (6450)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	36944	Indirect
Common Stock	165	Indirect
Common Stock	225	Indirect