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Cost Basis Guide

Worksheet

Select the acquisition below:

Pacific Telesis Group

If you acquired AT&T Inc. (formerly SBC Communications Inc.) shares as a result of SBC's acquisition of Pacific Telesis Group (PAC), use this worksheet.

If you owned AT&T common stock (T) as of the close of business on April 5, 2022, the record date for distribution of shares of SpinCo, first calculate your AT&T Cost Basis using the worksheet below and then use that output for the AT&T Inc. / WBD allocation.

Pacific Telesis

Besides the original date when you acquired your AT&T Inc. shares, you also will need to know your original cost per share. If you acquired shares at different times, you will need to do a separate calculation for each situation.
Original Cost per Share
(including brokerage fees)		 $  
Starting with the first event after you acquired your shares, click at the appropriate step. Your cost basis will be automatically calculated.
Click Here if owned AT&T shares before Jan. 1, 1984 (the divesture of Pacific Telesis Group and other regional telephone operating companies).
$ (per AT&T share) x 0.888 = $ New Cost Basis
(The Pacific Telesis allocation factor at divestiture was 0.0888, which must be multiplied by 10 because shareholders received one-tenth share in each of the regional companies for each share of "old" AT&T.)
Click Here if you acquired PAC shares after Jan. 1, 1984 (the divestiture of Pacific Telesis Group and other regional telephone operating companies), and on or before June 9, 1986 (PAC 2-for-1 stock split distribution date).
$ (per share) ÷ 2 = $ New Cost Basis
Click Here if you acquired PAC shares after June 9, 1986 (PAC 2-for-1 stock split distribution date), and on or before March 25, 1987 (PAC 2-for-1 stock split distribution date).
$ (per share) ÷ 2 = $ New Cost Basis
Click Here if you acquired PAC shares after March 25, 1987 (PAC 2-for-1 stock split distribution date), and on or before April 1, 1994 (effective date of AirTouch spin off from PAC).
$ (per share) x 0.6017 = $ New Cost Basis
Click Here if you acquired PAC shares after April 1, 1994 (effective date of AirTouch spinoff from PAC) and on or before April 1, 1997 (effective date of the PAC by SBC).
$ (per share) ÷ 0.73145 = $ New Cost Basis
Click Here if you exchanged PAC shares for SBC shares after April 1, 1997 (effective date of the acquisition of PAC by SBC and on or before March 19, 1998 (SBC 2-for-1 stock split distribution date).
$ (per share) ÷ 2 = $ New Cost Basis
Note: As a result of the acquisition of PAC by SBC effective April 1, 1997, you received .73145 shares of SBC common stock for each share of PAC common stock.
If you acquired PAC shares for AT&T Inc. on or after March 20, 1998, your AT&T Inc. cost basis is the same as the actual price paid for the PAC shares.