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KAISER ALUMINUM CORP Director's Dealing 2012

Jan 5, 2012

32067_dirs_2012-01-05_2b387ede-6342-48d8-8fb2-56f5bce77e0b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAISER ALUMINUM CORP (KALU)
CIK: 0000811596
Period of Report: 2012-01-03

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-03 Common Stock, par value $0.01 per share S 500 $47.502 Disposed 135466 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, par value $0.01 per share 42497 Direct

Footnotes

F1: Sales made pursuant to a 10b5-1 plan adopted by the reporting person on July 29, 2011 as part of the reporting person's financial and estate planning. The plan contemplates the sale of pre-determined amount of vested shares of common stock of the Registrant held by the reporting person in specified increments both at market prices and subject to designated floor prices.

F2: Represents the sale of 500 shares in multiple transactions, ranging from $46.37 to $48.41 per share, resulting in a weighted average sale price of $47.5020 per share. The reporting person undertakes to provide upon request by the SEC staff, the Registrant, or a security holder of the Registrant, full information regarding the number of shares sold at each separate price within the range.