X0202 4 2007-01-25 0000732717 AT&T INC. T 0001185190 CALLAWAY JAMES W 175 EAST HOUSTON STREET SAN ANTONIO TX 78205 1 Group President Common Stock 2007-01-25 4 A 0 35036 0 A 35038 D Common Stock 2007-01-26 4 M 0 26000 27.8125 A 61038 D Common Stock 2007-01-26 4 S 0 26000 36.35 D 35038 D Common Stock 2007-01-25 4 A 0 110262.88 0 A 113298.5653 I By Benefit Plan Common Stock 2007-01-25 4 A 0 35036 0 D 78262.5653 I By Benefit Plan Common Stock 2007-01-25 4 D 0 35036.0602 36.79 D 43226.5051 I By Benefit Plan Common Stock 2007-01-25 4 F 0 40190.8198 36.79 D 3035.6853 I By Benefit Plan Common Stock 25556.941 I By 401(k) Common Stock 78912 I By Joint Trust Common Stock 1137.616 I By PAYSOP Employee Stock Option (right to buy) - 96 SIP 27.8125 2007-01-26 4 M 0 26000 0 D 2001-05-02 2007-05-02 Common Stock 26000 0 D Represents portion of the performance shares distributed in issuer's shares that are now held directly. Total performance shares distributed. Represents portion of the performance shares distributed in cash, after taxes. Mandatory tax withholding on distribution of performance shares. by Ann E. Meuleman, Secy., Attorney-in-fact 2007-01-29