X0303 4 2009-05-26 0000732717 AT&T INC. T 0001183428 STEPHENSON RANDALL L 208 S. AKARD STREET DALLAS TX 75202 1 1 Chairman, CEO and President Common Stock 2009-05-26 4 S 0 0.576 24.4752 D 410553 D Common Stock 1337.08 I By 401(k) Common Stock 133575.3255 I By Benefit Plan Represents liquidation of fractional share held by dividend reinvestment plan. Includes 2,711.8809 shares acquired on 5/1/2009 at a price of $25.7144 through reinvested dividends under dividend reinvestment plan. by Ann E. Meuleman, Secy., Attorney-in-fact 2009-05-27