Howmet Aerospace Inc. — Director's Dealing 2004

Nov 22, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2004-11-12

Reporting Person: Wieser Helmut (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7214	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$31.4687	2011-01-12	Common Stock (29386)		Direct
Employee Stock Option (right to buy)	$36.035	2012-01-11	Common Stock (51800)		Direct
Employee Stock Option (right to buy)	$22.555	2013-01-10	Common Stock (63800)		Direct
Employee Stock Option (right to buy)	$34.85	2011-01-12	Common Stock (2000)		Direct
Employee Stock Option (right to buy)	$35.655	2010-01-15	Common Stock (37000)		Direct

Footnotes

F1: The option vests in three equal annual installments beginning January 10, 2004.

F2: The option vests in three equal annual installments beginning January 15, 2005.