Howmet Aerospace Inc. — Director's Dealing 2011

Jul 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2011-07-01

Reporting Person: Wieser Helmut (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-01	Phantom Stock Units	$	A	208	Acquired		Common Stock (208)	Direct

Footnotes

F1: 1 For 1

F2: Phantom stock units were acquired under the Alcoa Deferred Compensation Plan and are to be paid out in cash after termination of employment. The reporting person may transfer the phantom stock into an alternative investment account under the Plan at times permitted under the Plan.

F3: The total reflects an adjustment by the plan administrator on July 1, 2011 effective as of May 27, 2011 to include 30 units that should have been credited to the reporting person's account on May 27, 2011.