U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ________________________________________________________________________________ 1. Name and Address of Reporting Person* Weaver Constance K. -------------------------------------------------------------------------------- (Last) (First) (Middle) 900 Rt. 202/206 N. -------------------------------------------------------------------------------- (Street) Bedminster NJ 07921 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) 10/01/02 ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol AT&T Corp. (T) ________________________________________________________________________________ 5. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) Executive Vice President ________________________________________________________________________________ 6. If Amendment, Date of Original (Month/Day/Year) October 1, 2002 ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form Filed by One Reporting Person [_] Form Filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================ 3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ AT&T Common Stock (T) 24,288.470(1) D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== * If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print of Type Responses) (Over) FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================ 5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 2 06/03/06 AT&T Common Stock 7,499 $21.8368 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 2 06/03/06 AT&T Common Stock 20,356 $21.8368 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 2 01/31/07 AT&T Common Stock 17,996 $19.7859 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 2 01/30/08 AT&T Common Stock 13,497 $31.7864 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 2 04/30/08 AT&T Common Stock 4,499 $30.4652 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 3 01/29/09 AT&T Common Stock 10,497 $45.2024 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 4 03/01/09 AT&T Common Stock 5,998 $41.3491 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 5 02/28/10 AT&T Common Stock 18,695 $34.3029 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 6 08/18/10 AT&T Common Stock 24,493 $24.2291 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 7 03/15/11 AT&T Common Stock 58,411 $17.3940 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 8 03/15/11 AT&T Common Stock 20,583 $17.3940 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 9 07/02/11 AT&T Common Stock 13,723 $16.8541 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 10 02/19/12 AT&T Common Stock 60,000 $14.4800 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option (Right to Buy) 11 09/19/12 AT&T Common Stock 125,000 $12.3350 D ------------------------------------------------------------------------------------------------------------------------------------ Phantom Stock Units 12 12 AT&T Common Stock 15,233 1 for 1 D ==================================================================================================================================== Explanation of Responses: 1. Corrected Number. 2. Option fully vested. 3. Option 1/3 vested on 1/29/02 with remaining 2/3 vesting in equal installments on 1/29/03 and 1/29/04. 4. Option 1/3 vested on 3/1/02 with remaining vesting in equal installments on 3/1/03 and 3/1/04. 5. Option 1/2 vested in two equal installments on 2/28/01and 2/28/02 with remaining 1/2 vesting in equal installments on 2/28/03 and 2/28/04. 6. Option 1/2 vested in equal installments on 8/18/01 and 8/18/02 with remaining 1/2 vesting in equal installments on 8/18/03 and 8/18/04. 7. Option 1/2 vested on 3/15/02 with remaining 1/2 vesting on 3/15/03. 8. Option 1/4 vested on 3/15/02 with remaining 3/4 vesting in equal installments on 3/15/03, 04 and 05. 9. Option 1/4 vested 7/2/02 with remaining 3/4 vesting in equal installments on 7/2/03, 04 and 05. 10. Option vests in equal installments on 2/19/03, 04, 05 and 06. 11. Option vests in two 25% installments on 9/19/03 and 9/19/04 with remaining 50% vesting on 9/19/05. 12. Fully vests on 3/15/04. /s/ Constance K. Weaver 10/23/02 --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. (Print of Type Responses) Page 2 EDGARLink 7.0 (8/00) Ver. 3.1