Howmet Aerospace Inc. — Director's Dealing 2004

Nov 18, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Filho Mario Longhi (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	60032	Direct
Common Stock	1136	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$40.2187	2010-01-14	Common Stock (57400)		Direct
Employee Stock Option (right to buy)	$36.035	2012-01-11	Common Stock (51800)		Direct
Employee Stock Option (right to buy)	$35.2317	2009-01-13	Common Stock (51087)		Direct
Employee Stock Option (right to buy)	$35.2317	2008-01-13	Common Stock (46467)		Direct
Employee Stock Option (right to buy)	$35.2317	2007-01-13	Common Stock (20339)		Direct
Employee Stock Option (right to buy)	$35.2317	2006-01-11	Common Stock (13472)		Direct
Employee Stock Option (right to buy)	$35.2317	2005-01-13	Common Stock (12975)		Direct
Employee Stock Option (right to buy)	$22.555	2013-01-10	Common Stock (82400)		Direct
Employee Stock Option (right to buy)	$37.26	2011-01-12	Common Stock (36127)		Direct
Employee Stock Option (right to buy)	$35.655	2010-01-15	Common Stock (51100)		Direct
Phantom Stock Units	$		Common Stock (856)		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.

F3: Phantom stock units were acquired under the Alcoa Deferred Compensation Plan and are to be paid out in cash after termination of employment.

F4: 1 For 1