ALLETE INC — Director's Dealing 2013

Aug 9, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2013-08-08

Reporting Person: Hodnik Alan R (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-08	Common Stock	M	2812	$48.65	Acquired	31024.52	Direct
2013-08-08	Common Stock	F	2720	$51.93	Disposed	28304.52	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-08	Employee Stock Option (Rt. to buy)	$48.65	M	2812	Disposed	2017-02-01	Common Stock (2812)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6108.08	Indirect

Footnotes

F1: The reporting person exercised stock options, funding the transaction by the surrender to the company of shares of Common Stock already owned by the reporting person. The reporting person continues to hold the shares gained on exercise (i.e., net of the surrendered shares).

F2: Includes shares acquired in exempt transactions under ALLETE's stock purchase and dividend reinvestment plan, and ALLETE's employee stock purchase plan, all based on plan information available as of July 31, 2013.

F3: 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 July 31, 2013.

F4: The option vested in three equal installments; one-third vested on February 1, 2008, one-third vested on February 1, 2009, and one-third vested on February 1, 2010.