Howmet Aerospace Inc. — Director's Dealing 2004

Sep 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2004-09-10

Reporting Person: KELSON RICHARD B (Exec. VP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-10	Phantom Stock Units	$	A	52	Acquired		Common Stock (52)	Direct

Footnotes

F1: 1 For 1

F2: The reported transaction is being given retroactive effect to 4/27/2001.

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