KAISER ALUMINUM CORP — Director's Dealing 2014

Jun 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAISER ALUMINUM CORP (KALU)
CIK: 0000811596
Period of Report: 2014-06-04

Reporting Person: MARTIN LAURALEE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-04	Common Stock, par value $0.01 per share	A	1384	$0.00	Acquired	10279	Direct
2014-06-04	Common Stock, par value $0.01 per share	A	655	$68.62	Acquired	10934	Direct

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, 2015.

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, 2014.