KAISER ALUMINUM CORP — Director's Dealing 2013

Jun 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAISER ALUMINUM CORP (KALU)
CIK: 0000811596
Period of Report: 2013-06-04

Reporting Person: OSBORNE ALFRED E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-04	Common Stock, par value $0.01 per share	A	1478	$0.00	Acquired	16050	Direct
2013-06-04	Common Stock, par value $0.01 per share	A	933	$64.27	Acquired	16983	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	3500	Indirect
Common Stock, par value $0.01 per share	200	Indirect
Common Stock, par value $0.01 per share	500	Indirect

Footnotes

F1: Grant to the reporting person of restricted stock under the Kaiser Aluminum Corporation Amended and Restated 2006 Equity and Performance Incentive Plan. All restrictions will lapse on June 4, 2014.

F2: Stock received by the reporting person under the Kaiser Aluminum Corporation Amended and Restated 2006 Equity and Performance Incentive Plan at such person's election in lieu of all or a portion of the reporting person's annual cash retainer for serving as a member of the Board of Directors of Kaiser Aluminum Corporation, lead independent director or chair of a committee of the Board of Directors.

F3: Equal to the average of the closing prices of the Issuer's common stock as reported by the Nasdaq Stock Market, LLC for the twenty trading days prior to June 4, 2013.