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AT&T INC. Director's Dealing 2012

Jan 4, 2012

29786_dirs_2012-01-04_be15b92d-b406-411c-9868-770624731697.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: STEPHENS JOHN JOSEPH (Sr. Exec. VP and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-12-30 Common Stock A 730.8202 $30.24 Acquired 36700.9948 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 147373 Direct
Common Stock 1874.4371 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.