AT&T INC. — Director's Dealing 2013

May 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2013-04-30

Reporting Person: Lee Lori M (Sr. Exec. VP - Home Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-30	Common Stock	A	244.2131	$37.46	Acquired	14749.617	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2328.9177	Indirect
Common Stock	28725	Direct
Common Stock	13392	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.