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ALLETE INC — Director's Dealing 2005
May 27, 2005
31193_dirs_2005-05-27_18346016-f994-4316-be73-d7090a417efd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2005-05-25
Reporting Person: SMITH NICK (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2005-05-25 | Common Stock | M | 483 | $25.08 | Acquired | 3819.3 | Direct |
| 2005-05-25 | Common Stock | M | 500 | $25.45 | Acquired | 4319.3 | Direct |
| 2005-05-25 | Common Stock | M | 500 | $27.40 | Acquired | 4819.3 | Direct |
| 2005-05-25 | Common Stock | M | 833 | $29.79 | Acquired | 5652.3 | Direct |
| 2005-05-25 | Common Stock | M | 292 | $35.04 | Acquired | 5944.3 | Direct |
| 2005-05-25 | Common Stock | M | 1000 | $26.91 | Acquired | 6944.3 | Direct |
| 2005-05-25 | Common Stock | S | 3608 | $46.90 | Disposed | 3336.3 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2005-05-25 | Stock Option - Right to Buy | $25.08 | M | 483 | Disposed | 2008-01-02 | Common Stock (483) | Direct |
| 2005-05-25 | Stock Option - Right to Buy | $25.45 | M | 500 | Disposed | 2009-01-04 | Common Stock (500) | Direct |
| 2005-05-25 | Stock Option - Right to Buy | $27.40 | M | 500 | Disposed | 2011-01-02 | Common Stock (500) | Direct |
| 2005-05-25 | Stock Option - Right to Buy | $29.79 | M | 833 | Disposed | 2012-01-02 | Common Stock (833) | Direct |
| 2005-05-25 | Stock Option - Right to Buy | $35.04 | M | 292 | Disposed | 2012-05-14 | Common Stock (292) | Direct |
| 2005-05-25 | Stock Option - Right to Buy | $26.91 | M | 1000 | Disposed | 2013-01-02 | Common Stock (1000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 16.67 | Indirect |
| Common Stock | 666.67 | Indirect |
| Common Stock | 1815 | Indirect |
Footnotes
F1: Reflects 825 shares transferred by reporting person from an investment account to a Keogh Plan for the benefit of reporting person.
F2: This option was previously reported as covering 1,450 shares at an exercise price of $21.63 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
F3: The option will vest 50% on January 2, 2009 and 50% on January 2, 2010.
F4: This option was previously reported as covering 1,500 shares at an exercise price of $21.94 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
F5: The option vested 50% on January 2, 2000 and 50% on January 2, 2001.
F6: This option was previously reported as covering 1,500 shares at an exercise price of $23.63 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
F7: The option vested 50% on January 3, 2002 and 50% on January 3, 2003.
F8: This option was previously reported as covering 2,500 shares at an exercise price of $25.68 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
F9: This option vested 50% on January 2, 2003 and 50% on January 2, 2004.
F10: This option was previously reported as covering 875 shares at an exercise price of $30.21 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
F11: This option was previously reported as covering 3,000 shares at an exercise price of $23.20 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
F12: This option vested 50% on January 2, 2004 and 50% on January 2, 2005.