AT&T INC. — Director's Dealing 2012

Apr 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2012-03-30

Reporting Person: STANKEY JOHN T (Group Pres. & Chief Strat Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-13	Common Stock	G	835	—	Disposed	202974	Direct
2012-03-13	Common Stock	G	835	—	Acquired	211164	Indirect
2012-03-30	Common Stock	A	173.3334	$31.23	Acquired	45623.1629	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3502.2415	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.