Howmet Aerospace Inc. — Director's Dealing 2012

Jan 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2012-01-20

Reporting Person: Bottger Graeme (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-20	Common Stock	A	4159	—	Acquired	31556	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-20	Employee Stock Option (right to buy)	$10.17	A	48720	Acquired	2022-01-20	Common Stock (48720)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11818	Indirect

Footnotes

F1: The option vests in three equal annual installments beginning January 20, 2013.

F2: Employee stock options are granted without payment of consideration.

F3: In the aggregate, a total of 282,260 employee stock options (with various exercise prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.