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Howmet Aerospace Inc. Director's Dealing 2007

Jul 17, 2007

29914_dirs_2007-07-17_b18469be-4853-45f0-a687-85d29e7e7fb9.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: 2007-07-13

Reporting Person: Lucot Joseph R (VP - Corporate Controller)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-07-13 Common Stock M 20020 $41.82 Acquired 69077.0129 Direct
2007-07-13 Common Stock S 1233 $47.25 Disposed 67844.0129 Direct
2007-07-13 Common Stock S 8900 $47.245 Disposed 58944.0129 Direct
2007-07-13 Common Stock S 8600 $47.24 Disposed 50344.0129 Direct
2007-07-13 Common Stock M 18050 $39.4008 Acquired 68394.0129 Direct
2007-07-13 Common Stock S 100 $47.26 Disposed 68294.0129 Direct
2007-07-13 Common Stock S 1500 $47.25 Disposed 66794.0129 Direct
2007-07-13 Common Stock S 14600 $47.24 Disposed 52194.0129 Direct
2007-07-13 Common Stock S 130 $47.22 Disposed 52064.0129 Direct
2007-07-13 Common Stock M 11316 $38.425 Acquired 63380.0129 Direct
2007-07-13 Common Stock F 10028 $47.35 Disposed 53352.0129 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-07-13 Employee Stock Option (right to buy) $41.82 M 20020 Disposed 2009-01-13 Common Stock (20020) Direct
2007-07-13 Employee Stock Option (right to buy) $47.2453 A 18632 Acquired 2009-01-13 Common Stock (18632) Direct
2007-07-13 Employee Stock Option (right to buy) $39.4008 M 18050 Disposed 2008-01-13 Common Stock (18050) Direct
2007-07-13 Employee Stock Option (right to buy) $47.2453 A 16241 Acquired 2008-01-13 Common Stock (16241) Direct
2007-07-13 Employee Stock Option (right to buy) $38.425 M 11316 Disposed 2011-01-12 Common Stock (11316) Direct
2007-07-13 Employee Stock Option (right to buy) $47.35 A 10028 Acquired 2011-01-12 Common Stock (10028) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 272 Indirect

Footnotes

F1: Includes shares acquired under the Alcoa Dividend Reinvestment Plan.

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

F3: In the aggregate, a total of 176,069 employee stock options (with various exercise 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 to the Company (or selling) shares, as applicable, as reported herein.