Howmet Aerospace Inc. — Director's Dealing 2009

Nov 17, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2009-11-13

Reporting Person: TATA RATAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-13	Common Stock	M	50	—	Acquired	19011.3491	Direct
2009-11-13	Common Stock	F	15	$13.18	Disposed	18996.3491	Direct
2009-11-13	Common Stock	D	35	$13.18	Disposed	18961.3491	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-13	Restricted Stock Units	$	M	50	Disposed	2009-11-13	Common Stock (50)	Direct

Footnotes

F1: Each restricted stock unit granted on November 13, 2008 under the Directors Plan: "You Make a Difference Award" represented a contingent right to receive the cash value of one share of Alcoa Inc. common stock on a 1-for-1 basis after a one-year vesting period. All of the units were settled for cash upon vesting on November 13, 2009.

F2: Represents payment of tax liability by withholding equivalent shares incident to the vesting of the restricted stock units reported in Table II.