ALLETE INC - Director's Dealing 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2004-02-19

Reporting Person: EVANS DENNIS E (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-19	Common Stock	F	6333	$31.75	Disposed	21810.93	Direct
2004-02-19	Common Stock	M	1450	$14.31	Acquired	23260.93	Direct
2004-02-19	Common Stock	M	1450	$13.69	Acquired	24710.93	Direct
2004-02-19	Common Stock	M	1450	$21.63	Acquired	26160.93	Direct
2004-02-19	Common Stock	M	1500	$21.94	Acquired	27660.93	Direct
2004-02-19	Common Stock	M	1500	$16.25	Acquired	29160.93	Direct
2004-02-19	Common Stock	M	1500	$23.63	Acquired	30660.93	Direct
2004-02-19	Common Stock	M	1418	$25.68	Acquired	32078.93	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-19	Stock Opt - Rt to Buy	$14.31	M	1450	Disposed	2006-01-02	Common Stock (1450)	Direct
2004-02-19	Stock Opt - Rt to Buy	$13.69	M	1450	Disposed	2007-01-02	Common Stock (1450)	Direct
2004-02-19	Stock Opt - Rt to Buy	$21.63	M	1450	Disposed	2008-01-02	Common Stock (1450)	Direct
2004-02-19	Stock Opt - Rt to Buy	$21.94	M	1500	Disposed	2009-01-04	Common Stock (1500)	Direct
2004-02-19	Stock Opt - Rt to Buy	$16.25	M	1500	Disposed	2010-01-03	Common Stock (1500)	Direct
2004-02-19	Stock Opt - Rt to Buy	$23.63	M	1500	Disposed	2011-01-02	Common Stock (1500)	Direct
2004-02-19	Stock Opt - Rt to Buy	$25.68	M	1418	Disposed	2012-01-02	Common Stock (1418)	Direct

F1: 50% vested on January 2, 1997 and 50% vested on January 2, 1998.

F2: 50% vested on January 2, 1998 and 50% vested on January 2, 1999.

F3: 50% vested on January 2, 1999 and 50% vested on January 2, 2000.

F4: 50% vested on January 4, 2000 and 50% vested on January 4, 2001.

F5: 50% vested on January 3, 2001 and 50% vested on January 3, 2002.

F6: 50% vested on January 2, 2002 and 50% vested on January 2, 2003.

F7: 50% vested on January 2, 2003 and 50% vested on January 2, 2004.