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: 2007-07-17

Reporting Person: CHRISTOPHER WILLIAM F (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-17	Common Stock	S	13700	$46.59	Disposed	442298	Direct
2007-07-17	Common Stock	S	7700	$46.58	Disposed	434598	Direct
2007-07-17	Common Stock	S	3362	$46.57	Disposed	431236	Direct
2007-07-17	Common Stock	S	500	$46.565	Disposed	430736	Direct
2007-07-17	Common Stock	S	7900	$46.56	Disposed	422836	Direct
2007-07-17	Common Stock	S	2800	$46.55	Disposed	420036	Direct
2007-07-17	Common Stock	S	2100	$46.54	Disposed	417936	Direct
2007-07-17	Common Stock	S	21600	$46.53	Disposed	396336	Direct
2007-07-17	Common Stock	S	7925	$46.52	Disposed	388411	Direct
2007-07-17	Common Stock	S	400	$46.515	Disposed	388011	Direct
2007-07-17	Common Stock	S	4500	$46.51	Disposed	383511	Direct
2007-07-17	Common Stock	S	20802	$46.50	Disposed	362709	Direct
2007-07-17	Common Stock	S	500	$46.49	Disposed	362209	Direct
2007-07-17	Common Stock	S	600	$46.48	Disposed	361609	Direct
2007-07-17	Common Stock	S	1384	$46.46	Disposed	360225	Direct
2007-07-17	Common Stock	S	5300	$46.45	Disposed	354925	Direct
2007-07-17	Common Stock	S	2000	$46.44	Disposed	352925	Direct
2007-07-17	Common Stock	S	600	$46.43	Disposed	352325	Direct
2007-07-17	Common Stock	S	2400	$46.42	Disposed	349925	Direct
2007-07-17	Common Stock	S	2420	$46.41	Disposed	347505	Direct
2007-07-17	Common Stock	S	2000	$46.40	Disposed	345505	Direct
2007-07-17	Common Stock	S	2100	$46.39	Disposed	343405	Direct
2007-07-17	Common Stock	S	2200	$46.38	Disposed	341205	Direct
2007-07-17	Common Stock	S	4900	$46.37	Disposed	336305	Direct
2007-07-17	Common Stock	S	9477	$46.36	Disposed	326828	Direct
2007-07-17	Common Stock	S	11960	$46.35	Disposed	314868	Direct
2007-07-17	Common Stock	S	1800	$46.34	Disposed	313068	Direct
2007-07-17	Common Stock	S	3009	$46.33	Disposed	310059	Direct
2007-07-17	Common Stock	S	4710	$46.32	Disposed	305349	Direct
2007-07-17	Common Stock	S	8200	$46.31	Disposed	297149	Direct

Footnotes

F1: This Form 4 is 2 of 3 Form 4's filed to report the reporting person's transactions on July 17, 2007. Refer to all of the Form 4's filed this date for the reporting person.