Howmet Aerospace Inc. — Director's Dealing 2012

Jan 24, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Waldo Kurt R (EVP, Chief Legal & Compl. Ofcr)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	67815	Direct
Common Stock	2040	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$8.33	2015-01-23	Common Stock (75000)		Direct
Phantom Stock Units	$		Common Stock (1334)		Direct

Footnotes

F1: The option vests in three equal annual installments beginning January 23, 2010.

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: 1 For 1