ALLETE INC — Director's Dealing 2013

Mar 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2013-03-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-12	Common Stock	M	1756	$41.35	Acquired	8303.83	Direct
2013-03-12	Common Stock	M	2298	$39.10	Acquired	10601.83	Direct
2013-03-12	Common Stock	S	452	$47.75	Disposed	10149.83	Direct
2013-03-12	Common Stock	S	700	$47.71	Disposed	9448.83	Direct
2013-03-12	Common Stock	S	48	$47.76	Disposed	9401.83	Direct
2013-03-12	Common Stock	S	1000	$47.72	Disposed	8401.83	Direct
2013-03-12	Common Stock	S	1854	$47.70	Disposed	6547.83	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-12	Employee Stock Option (Rt. to Buy)	$41.35	M	1756	Disposed	2015-02-01	Common Stock (1756)	Direct
2013-03-12	Employee Stock Option (Rt. to Buy)	$39.10	M	2298	Disposed	2018-02-01	Common Stock (2298)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5776.8	Indirect

Footnotes

F1: Option vested in three equal installments; one-third vested on February 1, 2006, one-third vested on February 1, 2007, and one-third vested on February 1, 2008.

F2: Option vested in three equal installments; one-third vested on February 1, 2009, one-third vested on February 1, 2010, and one-third vested on February 1, 2011.