Howmet Aerospace Inc. — Director's Dealing 2013

Apr 5, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2013-04-01

Reporting Person: Oplinger William F (Executive VP & CFO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35461.1346	Direct
Common Stock	3462	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$28.79	2014-01-17	Common Stock (4592)		Direct
Employee Stock Option (right to buy)	$8.33	2015-01-23	Common Stock (16867)		Direct
Employee Stock Option (right to buy)	$13.54	2020-01-26	Common Stock (15240)		Direct
Employee Stock Option (right to buy)	$16.24	2021-01-25	Common Stock (5340)		Direct
Employee Stock Option (right to buy)	$10.17	2022-01-20	Common Stock (99600)		Direct
Employee Stock Option (right to buy)	$8.88	2023-01-16	Common Stock (90240)		Direct
Phantom Stock Units	$		Common Stock (1545)		Direct

Footnotes

F1: The option vested in three equal annual installments beginning January 17, 2009.

F2: The option was part of an option grant that vested in three equal annual installments beginning January 23, 2010. The remaining portion of the grant held by the reporting person as shown in the table vested on January 23, 2012.

F3: The option vested in three equal annual installments beginning January 26, 2011.

F4: The option vests in three equal annual installments beginning January 25, 2012.

F5: The option vests in three equal annual installments beginning January 20, 2013.

F6: The option vests in three equal annual installments beginning January 16, 2014.

F7: 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.

F8: 1 For 1