ALLETE INC — Director's Dealing 2013

Mar 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2013-03-05

Reporting Person: AMBERG DEBORAH A (SrVP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-05	Common Stock	M	1070	$37.76	Acquired	12621.59	Direct
2013-03-05	Common Stock	S	970	$47.72	Disposed	11651.59	Direct
2013-03-05	Common Stock	S	100	$47.73	Disposed	11551.59	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-05	Employee Stock Option (Rt. to Buy)	$37.76	M	1070	Disposed	2014-02-02	Common Stock (1070)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11056.08	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under the dividend reinvestment feature of ALLETE's stock purchase and dividend reinvestment plan, based on plan information available as of March 1, 2013.

F2: Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP), based on RSOP plan information available as of March 1, 2013.

F3: The option vested in three equal installments; one-third vested on February 2, 2005, one-third vested on February 2, 2006, and one-third vested on February 2, 2007.