Howmet Aerospace Inc. — Director's Dealing 2005

Jan 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2004-12-30

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-30	Phantom Stock Units	$	A	99	Acquired		Common Stock (99)	Direct

Footnotes

F1: 1 For 1

F2: Phantom stock units were acquired under the Alcoa Deferred Compensation Plan and are to be paid out in cash after termination of employment.