AT&T INC. — Director's Dealing 2012

Mar 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2012-02-29

Reporting Person: DE LA VEGA RAFAEL (Pres. & CEO, AT&T Mobility)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-29	Common Stock	A	4699.3134	$30.59	Acquired	46539.8188	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	385669	Direct
Common Stock	1514.1832	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.