Howmet Aerospace Inc. — Director's Dealing 2007

Nov 27, 2007

SEC Form 4/A — Form 4/A

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2007-11-23

Reporting Person: KLEINFELD KLAUS (Director, President and COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-23	Phantom Stock Units	$	A	14	Acquired		Common Stock (14)	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. The reporting person may transfer the phantom stock into an alternative investment account under the Plan at times permitted under the Plan.

F3: As of 11/23/2007, the reporting person also held 2,961.1656 phantom stock units under the Alcoa Deferred Fee Plan for Directors which are to be paid out in cash after Board service ends.