Howmet Aerospace Inc. — Director's Dealing 2015

Jan 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC. (AA)
CIK: 0000004281
Period of Report: 2015-01-02

Reporting Person: OWENS JAMES W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-02	Phantom Stock Units	$	A	2034	Acquired		Common Stock (2034)	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: 1 For 1

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.