ALLETE INC — Director's Dealing 2007

Feb 7, 2007

SEC Form 4/A — Form 4/A

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2007-01-31

Reporting Person: SHIPPAR DONALD J (Director, Chairman, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-01	Employee Stock Option - Right to Buy	$48.65	A	19125	Acquired	2017-02-01	Common Stock (19125)	Direct

Footnotes

F1: Transaction Date on the original filing was mistyped as "02/21/2007," when it should have stated "02/01/2007."

F2: The option vests in three equal installments: one on each of the first, second and third anniversary of the grant date.