AT&T INC. — Director's Dealing 2013

Jan 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2013-01-28

Reporting Person: WATTS DONALD W (Sr. Exec. VP and Gen. Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-28	Common Stock	M	38281.1069	—	Acquired	147904.1069	Direct
2013-01-28	Common Stock	F	11258.1069	$34.13	Disposed	136646	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-28	Restricted Stock Units	$	M	38281.1069	Disposed		Common Stock (38281.1069)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7474.8687	Indirect
Common Stock	27756.2534	Indirect

Footnotes

F1: Mandatory tax withholding on vesting of Restricted Stock Units.

F2: Units vest 1/2 on 01/28/2013 and 1/2 on 01/28/2014.