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Howmet Aerospace Inc. Director's Dealing 2004

Jan 14, 2004

29914_dirs_2004-01-14_a2b3b5b9-ec9a-440f-942f-5cabfd7d1995.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2004-01-12

Reporting Person: PURTELL LAWRENCE R (Exec. VP and General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-01-12 Common Stock M 37567 $22.555 Acquired 77025 Indirect
2004-01-12 Common Stock F 30763 $36.295 Disposed 46262 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-01-12 Employee Stock Option (right to buy) $22.555 M 37567 Disposed 2013-01-10 Common Stock (37567) Direct
2004-01-12 Employee Stock Option (right to buy) $36.295 A 29341 Acquired 2013-01-10 Common Stock (29341) Direct

Footnotes

F1: Held by a trust for the benefit of the reporting person. The reporting person's spouse is trustee of the trust.

F2: Employee stock options are granted without payment of consideration.

F3: In the aggregate, a total of 473,646 employee stock options (with various prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.

F4: These are reload stock options granted in connection with the reporting person's exercise of outstanding options and payment of the option exercise costs by delivering previously owned shares to the Company as reported herein.