ATI INC — Director's Dealing 2017

Jan 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLEGHENY TECHNOLOGIES INC (ATI)
CIK: 0001018963
Period of Report: 2017-01-27

Reporting Person: Kramer Kevin B (Sr. VP, CCMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-27	Common Stock, $0.10 par value	A	7517	$0.00	Acquired	87895.9248	Direct
2017-01-27	Common Stock, $0.10 par value	F	2720	$21.75	Disposed	85175.9248	Direct
2017-01-27	Common Stock, $0.10 par value	F	4564.6483	$21.75	Disposed	80611.2765	Direct
2017-01-27	Common Stock, $0.10 par value	D	6817.3241	$21.75	Disposed	73793.9524	Direct

Footnotes

F1: Shares awarded under the Company's 2014-2016 Total Shareholder Return Program ("TSR").

F2: This amount includes 1,197.5670 shares of common stock Mr. Kramer owns in the Company's 401(k) plan. Fluctuations in 401(k) share amounts reflect the plan's unit reporting method. The reporting person holds approximately 1,003.7700 units, which represent interests in the Company's stock fund.

F3: Shares withheld for payment of taxes on the 2014-2016 TSR award paid on January 27, 2017 as described in footnote 1 above.

F4: Shares withheld for payment of taxes on shares of previously restricted stock awarded in February 2014 under the 2014-2016 Long-Term Shareholder Value Program. Vesting of these shares was contingent on the successful achievement of predetermined goals during the 2014-2016 performance period and became payable on January 27, 2017.

F5: Forfeiture of restricted shares, including accumulated dividends, granted under the 2014 Performance/Restricted Stock Program.