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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-21	Common Stock	M	1324	$37.76	Acquired	8071.87	Direct
2013-02-21	Common Stock	M	1792	$41.35	Acquired	9863.87	Direct
2013-02-21	Common Stock	M	4596	$39.10	Acquired	14459.87	Direct
2013-02-21	Common Stock	S	7712	$46.32	Disposed	6747.87	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	1324	Disposed	2014-02-02	Common Stock (1324)	Direct
2013-02-21	Employee Stock Option (Rt. to buy)	$41.35	M	1792	Disposed	2015-02-01	Common Stock (1792)	Direct
2013-02-21	Employee Stock Option (Rt. to buy)	$39.10	M	4596	Disposed	2018-02-01	Common Stock (4596)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7418.14	Indirect

Footnotes

F1: 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.

F2: The 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.

F3: The 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.