Howmet Aerospace Inc. - Director's Dealing 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2004-02-20

Reporting Person: COLEMAN MICHAEL (Vice President)

Security	Shares	Ownership
Common Stock	4096	Indirect
Common Stock	108543	Direct

Security	Exercise Price	Expiration	Underlying	Ownership
Employee Stock Option (right to buy)	$40.2187	2010-01-14	Common Stock (148600)	Direct
Employee Stock Option (right to buy)	$31.4687	2011-01-12	Common Stock (102700)	Direct
Employee Stock Option (right to buy)	$37.88	2009-01-13	Common Stock (62007)	Direct
Employee Stock Option (right to buy)	$37.3692	2009-01-13	Common Stock (56280)	Direct
Employee Stock Option (right to buy)	$39.38	2009-01-13	Common Stock (5782)	Direct
Employee Stock Option (right to buy)	$45.25	2008-01-13	Common Stock (100236)	Direct
Employee Stock Option (right to buy)	$34.55	2011-11-09	Common Stock (10000)	Direct
Employee Stock Option (right to buy)	$36.035	2012-01-11	Common Stock (112970)	Direct
Employee Stock Option (right to buy)	$22.555	2013-01-10	Common Stock (157500)	Direct
Employee Stock Option (right to buy)	$35.655	2010-01-15	Common Stock (61700)	Direct
Phantom Stock Units	$		Common Stock (3213)	Direct

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