X0202 4 2007-01-25 0000732717 AT&T INC. T 0001199299 LINDNER RICHARD G 175 EAST HOUSTON STREET SAN ANTONIO TX 78205 1 Sr. Exec. VP and CFO Common Stock 2007-01-25 4 A 0 9307 0 A 26685 D Common Stock 2007-01-29 4 M 0 26000 27.8125 A 52685 D Common Stock 2007-01-29 4 M 0 21000 27.5 A 73685 D Common Stock 2007-01-29 4 M 0 5964 29.1875 A 79649 D Common Stock 2007-01-29 4 M 0 1726 27.1875 A 81375 D Common Stock 2007-01-29 4 S 0 300 36.8 D 81075 D Common Stock 2007-01-29 4 S 0 2000 36.72 D 79075 D Common Stock 2007-01-29 4 S 0 2100 36.74 D 76975 D Common Stock 2007-01-29 4 S 0 2100 36.73 D 74875 D Common Stock 2007-01-29 4 S 0 2600 36.78 D 72275 D Common Stock 2007-01-29 4 S 0 2800 36.71 D 69475 D Common Stock 2007-01-29 4 S 0 7500 36.75 D 61975 D Common Stock 2007-01-29 4 S 0 7786 36.76 D 54189 D Common Stock 2007-01-29 4 S 0 9804 36.77 D 44385 D Common Stock 2007-01-29 4 S 0 17700 36.79 D 26685 D Common Stock 2007-01-25 4 A 0 29292.64 0 A 52426.2206 I By Benefit Plan Common Stock 2007-01-25 4 A 0 9307 0 D 43119.2206 I By Benefit Plan Common Stock 2007-01-25 4 D 0 9308.4727 36.79 D 33810.7479 I By Benefit Plan Common Stock 2007-01-25 4 F 0 10677.1673 36.79 D 23133.5806 I By Benefit Plan Common Stock 46625 I By Trust Employee Stock Option (right to buy) - 96 SIP 27.5 2007-01-29 4 M 0 21000 0 D 2000-05-01 2007-05-01 Common Stock 21000 0 D Employee Stock Option (right to buy) - 96 SIP 27.8125 2007-01-29 4 M 0 26000 0 D 2001-05-02 2007-05-02 Common Stock 26000 0 D Employee Stock Option (right to buy) - SSP 27.1875 2007-01-29 4 M 0 1726 0 D 1998-02-03 2007-02-03 Common Stock 1726 0 D Employee Stock Option (right to buy) - SSP 29.1875 2007-01-29 4 M 0 5964 0 D 1998-08-01 2007-08-01 Common Stock 5964 0 D Represents portion of the performance shares distributed in issuer's shares that are now held directly. Reflects transfer of 28,827 shares owned directly to indirect ownership by trust. 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