Howmet Aerospace Inc. — Director's Dealing 2017

Jan 25, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Arconic Inc. (ARNC)
CIK: 0000004281
Period of Report: 2017-01-20

Reporting Person: ELLIOTT ASSOCIATES, L.P. (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	14176682	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Notional Principal Amount Derivative Agreements	$		Common shares, $1.00 par value (2324005)		Direct

Footnotes

F1: This Form 3 is filed by Elliott Associates, L.P. (the "Reporting Person"). The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.

F2: Notional principal amount derivative agreement (the "Derivative Agreement") in the form of cash settled swaps entered into by the Reporting Person through The Liverpool Limited Partnership, a Bermuda limited partnership and a wholly-owned subsidiary of the Reporting Person ("Liverpool"). The strike prices of the Derivative Agreements range in price from $18.5877 to $21.1014. The Derivative Agreements provide Liverpool with economic results that are comparable to the economic results of ownership but do not provide it with the power to vote or direct the voting or dispose of or direct the disposition of the shares that are referenced in the Derivative Agreements (such shares, the "Subject Shares"). The Reporting Person disclaims beneficial ownership in the Subject Shares. The counterparties to the Derivative Agreements are unaffiliated third party financial institutions.