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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-21	Common Stock	M	872	$37.76	Acquired	7419.83	Direct
2013-02-21	Common Stock	M	2298	$39.10	Acquired	9717.83	Direct
2013-02-21	Common Stock	S	400	$46.70	Disposed	9317.83	Direct
2013-02-21	Common Stock	S	1100	$46.69	Disposed	8217.83	Direct
2013-02-21	Common Stock	S	300	$46.65	Disposed	7917.83	Direct
2013-02-21	Common Stock	S	1370	$46.63	Disposed	6547.83	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	872	Disposed	2014-02-02	Common Stock (872)	Direct
2013-02-21	Employee Stock Option (Rt. to Buy)	$39.10	M	2298	Acquired	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 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, 2009, one-third vested on February 1, 2010, and one-third vested on February 1, 2011.