AT&T INC. — Director's Dealing 2012

Mar 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2012-03-12

Reporting Person: MILLER FORREST E (Grp.Pres.-Corp. Strat. & Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-12	Common Stock	F	1218.7184	$31.44	Disposed	56036.0722	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	167075	Direct
Common Stock	1963.5673	Indirect
Common Stock	85	Indirect

Footnotes

F1: Mandatory tax withholding on distribution from benefit plan.

F2: Reflects transfer of 2,262 shares owned indirectly in benefit plan to direct ownership due to distribution.