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: 2014-06-03

Reporting Person: Bunin Pete (SVP - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-03	Common Stock, par value $0.01 per share	S	1500	$68.70	Disposed	38344	Direct
2014-06-03	Common Stock, par value $0.01 per share	S	1000	$68.51	Disposed	37344	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options (Right to Buy)	$80.01	2017-04-03	Common Stock, par value $0.01 per share (1961)	1961	Direct

Footnotes

F1: Sales made pursuant to a 10b5-1 plan adopted by the reporting person effective April 23, 2014. 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 subject to designated floor prices.

F2: Stock option award granted on April 3, 2007 for 1,961 shares of common stock, with one-third of such options vested on each of the first, second and third anniversaries of the grant date.