AT&T INC. — Director's Dealing 2012

Dec 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2012-12-21

Reporting Person: Donovan John (Sr Ex VP - AT&T Tech & Net Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-21	Common Stock	J	26161	—	Acquired	54118	Indirect
2012-12-21	Common Stock	J	26161	—	Disposed	38300	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6211.2125	Indirect
Common Stock	2210.4564	Indirect

Footnotes

F1: The reporting person and his spouse contributed 27,957 common shares of the issuer to a limited partnership ("LP") in exchange for partnership interests. The reporting person and his spouse own 99% of the LP. The remaining 1% is held by the general partner. The general partner of the LP is a limited liability company owned by the reporting person and his spouse and managed solely by the reporting person. The reporting person and his spouse anticipate contributing their respective limited partnership interests to a separate trust for each of their three children, in each case with an adult child as the trustee and the contributing person's child as beneficiary. These transactions are all exempt from Section 16 reporting and short-swing profit recovery pursuant to Rule 16a-13.