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Howmet Aerospace Inc. — Director's Dealing 2010
Jan 25, 2010
29914_dirs_2010-01-25_2a18fc8c-58dd-48c1-8622-c6acbd2f8a5b.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: 2010-01-21
Reporting Person: KLEINFELD KLAUS (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-01-21 | Common Stock | A | 150000 | — | Acquired | 293456 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-01-21 | Employee Stock Option (right to buy) | $8.33 | A | 1200000 | Acquired | 2015-01-23 | Common Stock (1200000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2923 | Indirect |
Footnotes
F1: The option vests in three annual installments as follows: 1/3 vests on January 23, 2010, 1/3 vests on January 23, 2011 and 1/3 vests on January 23, 2012.
F2: Employee stock options are granted without payment of consideration.
F3: On January 23, 2009, the reporting person was granted a performance stock option at a target level of 1,200,000 shares, with the actual number to be received to be based on Alcoa's free cash flow performance for 2009. Based on the calculation of Alcoa's performance for 2009, the reporting person received on January 21, 2010 an option to purchase 1,200,000 shares of Alcoa common stock.
F4: In the aggregate, a total of 2,489,286 employee stock options (with various exercise prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.