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KAISER ALUMINUM CORP Director's Dealing 2011

Nov 1, 2011

32067_dirs_2011-11-01_236489b0-dfd6-450e-a23c-1331fbf8cbeb.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: KAISER ALUMINUM CORP (KALU)
CIK: 0000811596
Period of Report: 2011-03-03

Reporting Person: HOCKEMA JACK A (Director, President & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-03-03 Common Stock, par value $0.01 per share F 4640 $48.86 Disposed 196417 Direct
2011-03-04 Common Stock, par value $0.01 per share A 3126 $0.00 Acquired 199543 Direct
2011-03-04 Common Stock, par value $0.01 per share F 1450 $49.41 Disposed 198093 Direct
2011-03-05 Common Stock, par value $0.01 per share A 15533 $0.00 Acquired 213626 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, par value $0.01 per share 3042 Indirect

Footnotes

F1: Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 3, 2011 of certain shares granted to the reporting person in 2008 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended.

F2: 3,042 shares reported on the Form 4, which this filing amends, as directly held by the reporting person were transferred to the Hockema Family Trust on January 19, 2011.

F3: Shares earned upon the vesting on March 4, 2011 of certain performance shares granted to the reporting person in 2008 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended. On March 4, 2011, the Registrant's compensation committee certified the performance shares payout multiplier based on the level of achievement by the Registrant of a certain pre-established performance goal for 2008 through 2010.

F4: Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 4, 2011 of the above-referenced performance shares.

F5: Grant to the reporting person effective as of March 5, 2011, of restricted stock under the Kaiser Aluminum Corporation Amended and Restated 2006 Equity and Performance Incentive Plan. All restrictions will lapse on March 5, 2014 or earlier upon the occurrence of certain specified circumstances.