ALLETE INC — Director's Dealing 2013

Feb 25, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2013-02-21

Reporting Person: Adams Robert John (VP Bus. Dev; Chief Risk Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-21	Common Stock	M	2889	$37.76	Acquired	8004.39	Direct
2013-02-21	Common Stock	M	3492	$41.35	Acquired	11496.39	Direct
2013-02-21	Common Stock	S	6381	$46.32	Disposed	5115.39	Direct
2013-02-22	Common Stock	S	1000	$46.94	Disposed	4115.39	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-21	Employee Stock Option (Rt. to Buy)	$37.76	M	2889	Disposed	2014-02-02	Common Stock (2889)	Direct
2013-02-21	Employee Stock Option (Rt. to Buy)	$41.35	M	3492	Disposed	2015-02-01	Common Stock (3492)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10197.52	Indirect

Footnotes

F1: 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.

F2: 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.