ALLETE INC — Director's Dealing 2012

Jun 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2012-06-11

Reporting Person: SHIPPAR DONALD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-11	Common Stock	M	2500	$39.10	Acquired	4290.81	Direct
2012-06-11	Common Stock	S	1800	$40.77	Disposed	2490.81	Direct
2012-06-11	Common Stock	S	700	$40.78	Disposed	1790.81	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-11	Employee Stock Option (Right to Buy)	$39.10	M	2500	Disposed	2013-05-01	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28104	Indirect

Footnotes

F1: Reflects 4,550 shares previously owned directly, now held indirectly by trust.

F2: The option grant provided for vesting in three equal installments on February 1, 2009, February 1, 2010, and February 1, 2011, respectively. By the grant's terms, any remaining unvested options became exercisable upon the reporting person's May 1, 2010 retirement.