X0304 4 2012-02-03 0000732717 AT&T INC. T 0001189561 DE LA VEGA RAFAEL 208 S. AKARD STREET DALLAS TX 75202 1 Pres. & CEO-AT&T Mobility Common Stock 2012-02-03 4 M 0 70755 21.20 A 456426 D Common Stock 2012-02-03 4 M 0 4311 23.19 A 460737 D Common Stock 2012-02-03 4 M 0 141377 29.45 A 602114 D Common Stock 2012-02-03 4 S 0 216443 29.9466 D 385671 D Common Stock 1469.3157 I By 401(k) Common Stock 41840.5054 I By Benefit Plan Non-qualified Stock Option (Right to Buy) 21.20 2012-02-03 4 M 0 70755 0 D 2003-11-25 2012-11-25 Common Stock 70755 0 D Non-qualified Stock Option (Right to Buy) 23.19 2012-02-03 4 M 0 4311 0 D 2003-04-22 2012-04-22 Common Stock 4311 0 D Non-qualified Stock Option (Right to Buy) 29.45 2012-02-03 4 M 0 141377 0 D 2003-03-01 2012-03-01 Common Stock 141377 0 D The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.94 to $29.96015. The reporting person undertakes to provide upon request by the SEC, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. /s/ Ann E. Meuleman, Secy., Attorney-in-fact 2012-02-06