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Howmet Aerospace Inc. — Director's Dealing 2011
Jan 24, 2011
29914_dirs_2011-01-24_bf982bdb-29ee-434e-bd4e-f54478473a04.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: 2011-01-20
Reporting Person: Thuestad John G (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-20 | Common Stock | A | 11939 | — | Acquired | 34411 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-20 | Employee Stock Option (right to buy) | $13.54 | A | 110880 | Acquired | 2020-01-26 | Common Stock (110880) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2230 | Indirect |
Footnotes
F1: The option vests in three annual installments as follows: 1/3 vests on January 26, 2011, 1/3 vests on January 26, 2012 and 1/3 vests on January 26, 2013.
F2: Employee stock options are granted without payment of consideration.
F3: On January 26, 2010, the reporting person was granted a performance stock option at a target level of 110,880 shares, with the actual number to be received to be based on Alcoa's free cash flow and profit performance for 2010. Based on the calculation of Alcoa's performance for 2010, the reporting person received on January 20, 2011 an option to purchase 110,880 shares of Alcoa common stock.
F4: In the aggregate, a total of 403,760 employee stock options (with various exercise prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.