ALLETE INC — Director's Dealing 2012

Sep 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2012-09-11

Reporting Person: DeVinck Steven Q (Controller & VP Bus. Support)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-11	Common Stock	M	487	$23.79	Acquired	6185.29	Direct
2012-09-11	Common Stock	S	487	$41.47	Disposed	5698.29	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-11	Employee Stock Option - Right to Buy	$23.79	M	487	Disposed	2015-02-03	Common Stock (487)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5462.62	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP) and is based on RSOP plan information available as of September 1, 2012.

F2: The option vested in equal installments on February 3, 2004 and February 3, 2005.