Howmet Aerospace Inc. — Director's Dealing 2003

May 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2003-05-02

Reporting Person: BELDA ALAIN J P (Director, Chairman & Chief Exec. Officer)

Footnotes

F1: 1 for 1

F2: Phantom stock units were acquired under the Alcoa Deferred Compensation Plan and are to be paid out in cash after termination of employment.