ALLETE INC — Director's Dealing 2013

May 15, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2013-05-15

Reporting Person: Stellmaker Donald W (V.P. & Corporate Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-15	Common Stock	M	1752	$44.15	Acquired	8567.97	Direct
2013-05-15	Common Stock	M	1635	$48.65	Acquired	10202.97	Direct
2013-05-15	Common Stock	S	3387	$50.70	Disposed	6815.97	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-15	Employee Stock Option (Rt. to buy)	$44.15	M	1752	Disposed	2016-02-01	Common Stock (1752)	Direct
2013-05-15	Employee Stock Option (Rt. to buy)	$48.65	M	1635	Disposed	2017-02-01	Common Stock (1635)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7814.24	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under the dividend reinvestment feature of ALLETE's stock purchase and dividend reinvestment plan and the dividend equivalent feature of restricted stock grants under ALLETE's executive long-term incentive compensation plan, all based on plan information available as of April 30, 2013.

F2: 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 April 30, 2013.

F3: The option vested in three equal installments; one-third vested on February 1, 2007, one-third vested on February 1, 2008, and one-third vested on February 1, 2009.

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.