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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-12	Common Stock	F	450.5261	$31.44	Disposed	45449.8295	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	203809	Direct
Common Stock	3502.2415	Indirect
Common Stock	210329	Indirect

Footnotes

F1: Mandatory tax withholding on distribution from benefit plan.

F2: Reflects transfer of 835 shares owned indirectly in benefit plan to direct ownership due to distribution.