ATI INC — Director's Dealing 2011

Feb 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLEGHENY TECHNOLOGIES INC (ATI)
CIK: 0001018963
Period of Report: 2011-02-04

Reporting Person: Schwartz Karl D (Controller & Princ. Acctg Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-04	Common Stock, $0.10 par value	M	500	$7.245	Acquired	11557.0227	Direct
2011-02-04	Common Stock, $0.10 par value	M	500	$5.70	Acquired	12057.0227	Direct
2011-02-04	Common Stock, $0.10 par value	S	500	$65.434	Disposed	11557.0227	Direct
2011-02-04	Common Stock, $0.10 par value	S	500	$65.43	Disposed	11057.0227	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-04	Employee Stock Option, right to buy	$7.245	M	500	Disposed	2012-10-21	Common Stock, $0.10 par value (500)	Direct
2011-02-04	Employee Stock Option, right to buy	$5.70	M	500	Disposed	2013-01-24	Common Stock, $0.10 par value (500)	Direct

Footnotes

F1: The option, representing a right to purchase a total of 5,000 shares, vested in three equal installments on October 21, 2003, 2004 and 2005.

F2: The option, representing a right to purchase a total of 1,250 shares, vested in three equal installments on January 24, 2004, 2005 and 2006.