Howmet Aerospace Inc. — Director's Dealing 2007

Jul 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2007-07-18

Reporting Person: BELDA ALAIN J P (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-18	Common Stock	S	14433	$46.34	Disposed	2899636	Direct
2007-07-18	Common Stock	S	45200	$46.33	Disposed	2854436	Direct
2007-07-18	Common Stock	S	54200	$46.32	Disposed	2800236	Direct
2007-07-18	Common Stock	S	29018	$46.31	Disposed	2771218	Direct
2007-07-18	Common Stock	S	27300	$46.33	Disposed	2743918	Direct
2007-07-18	Common Stock	S	100	$46.295	Disposed	2743818	Direct
2007-07-18	Common Stock	S	25152	$46.29	Disposed	2718666	Direct
2007-07-18	Common Stock	S	32572	$46.28	Disposed	2686094	Direct
2007-07-18	Common Stock	S	200	$46.275	Disposed	2685894	Direct
2007-07-18	Common Stock	S	20370	$46.27	Disposed	2665524	Direct
2007-07-18	Common Stock	S	100	$46.265	Disposed	2665424	Direct
2007-07-18	Common Stock	S	30963	$46.26	Disposed	2634461	Direct
2007-07-18	Common Stock	S	58868	$46.25	Disposed	2575593	Direct
2007-07-18	Common Stock	S	38366	$46.24	Disposed	2537227	Direct
2007-07-18	Common Stock	S	23268	$46.23	Disposed	2513959	Direct
2007-07-18	Common Stock	S	27682	$46.22	Disposed	2486277	Direct
2007-07-18	Common Stock	S	68094	$46.21	Disposed	2418183	Direct
2007-07-18	Common Stock	S	100	$46.205	Disposed	2418083	Direct
2007-07-18	Common Stock	S	101396	$46.20	Disposed	2316687	Direct
2007-07-18	Common Stock	S	12033	$46.19	Disposed	2304654	Direct
2007-07-18	Common Stock	S	14285	$46.18	Disposed	2290369	Direct
2007-07-18	Common Stock	S	23577	$46.17	Disposed	2266792	Direct
2007-07-18	Common Stock	S	5000	$46.165	Disposed	2261792	Direct
2007-07-18	Common Stock	S	9829	$46.16	Disposed	2251963	Direct
2007-07-18	Common Stock	S	29117	$46.15	Disposed	2222846	Direct
2007-07-18	Common Stock	S	200	$46.145	Disposed	2222646	Direct
2007-07-18	Common Stock	S	37868	$46.14	Disposed	2184778	Direct
2007-07-18	Common Stock	S	152795	$46.13	Disposed	2031983	Direct
2007-07-18	Common Stock	S	37507	$46.12	Disposed	1994476	Direct
2007-07-18	Common Stock	S	300	$46.115	Disposed	1994176	Direct

Footnotes

F1: This Form 4 is 2 of 3 Form 4's filed to report the reporting person's transactions on July 18, 2007. Refer to all of the Form 4's filed this date for the reporting person.