X0303 4 2011-04-29 0000732717 AT&T INC. T 0001018982 ANDERSON REUBEN V 208 S. AKARD DALLAS TX 75202 1 Common Stock 31369 D Deferred Stock Units 2011-04-29 4 A 0 6054.515 31.12 A Common Stock 6054.515 37255.693 I By Benefit Plan Phantom Deferral Shares 2011-05-02 4 A 0 178.795 31.287 A Common Stock 178.795 13188.0041 I By Benefit Plan Acquisition of deferred stock units pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director. Dividend equivalents reinvested in additional phantom shares pursuant to various BellSouth Corporation director deferral plans. Upon distribution, each phantom share is paid in cash in an amount equal to the value of one share of AT&T common stock. /s/ Ann E. Meuleman, Secy., Attorney-in-fact 2011-05-03