Howmet Aerospace Inc. — Director's Dealing 2014

Jan 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2014-01-16

Reporting Person: Wilt Robert G (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-16	Common Stock	A	8791	—	Acquired	108524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-16	Employee Stock Option (right to buy)	$11.04	A	108460	Acquired	2024-01-16	Common Stock (108460)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5183	Indirect

Footnotes

F1: The option vests in three equal annual installments beginning January 16, 2015.

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

F3: In the aggregate, a total of 230,767 employee stock options (with various exercise prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.