Howmet Aerospace Inc. — Director's Dealing 2015

Jul 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC. (AA)
CIK: 0000004281
Period of Report: 2015-07-01

Reporting Person: OWENS JAMES W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-01	Phantom Stock Units	$	A	3018	Acquired		Common Stock (3018)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Direct
Common Stock	5025	Indirect

Footnotes

F1: These shares are held by a trust of which the reporting person and his spouse are trustees and beneficiaries.

F2: Each phantom stock unit is the economic equivalent of one share of Alcoa common stock.

F3: Phantom stock units were acquired under the Alcoa 2005 Deferred Fee Plan for Directors and are to be paid out in cash after Board service ends.