Howmet Aerospace Inc. — Director's Dealing 2009

Jan 27, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2008-12-31

Reporting Person: RUSSO PATRICIA F (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-11-13	Restricted Stock Units	$	A	50	Acquired	2009-11-13	Common Stock (50)	Direct

Footnotes

F1: Granted under the Directors Plan: "You Make a Difference Award."

F2: Each restricted stock unit represents a contingent right to receive the cash value of one share of Alcoa Inc. common stock on a 1-for-1 basis, payable in cash after a one-year vesting period.