Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PURTELL LAWRENCE R
   2. Issuer Name and Ticker or Trading Symbol
ALCOA INC [AA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec. VP and General Counsel
(Last)
(First)
(Middle)
201 ISABELLA STREET		 3. Date of Earliest Transaction (Month/Day/Year)
07/13/2007
(Street)

PITTSBURGH, PA 15212		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/13/2007   M   78,126 A $ 40.35 115,060 (1) I By Trust (2)
Common Stock 07/13/2007   M   113,235 A $ 43 228,295 I By Trust (2)
Common Stock 07/13/2007   M   110,000 A $ 36.035 338,295 I By Trust (2)
Common Stock 07/13/2007   M   49,270 A $ 35.22 387,565 I By Trust (2)
Common Stock 07/13/2007   M   29,341 A $ 36.295 416,906 I By Trust (2)
Common Stock 07/13/2007   M   76,700 A $ 35.655 493,606 I By Trust (2)
Common Stock 07/13/2007   M   61,700 A $ 29.54 555,306 I By Trust (2)
Common Stock 07/13/2007   S   10,100 D $ 47.47 545,206 I By Trust (2)
Common Stock 07/13/2007   S   5,400 D $ 47.46 539,806 I By Trust (2)
Common Stock 07/13/2007   S   600 D $ 47.45 539,206 I By Trust (2)
Common Stock 07/13/2007   S   3,639 D $ 47.42 535,567 I By Trust (2)
Common Stock 07/13/2007   S   8,670 D $ 47.41 526,897 I By Trust (2)
Common Stock 07/13/2007   S   29,600 D $ 47.4 497,297 I By Trust (2)
Common Stock 07/13/2007   S   1,200 D $ 47.38 496,097 I By Trust (2)
Common Stock 07/13/2007   S   2,300 D $ 47.36 493,797 I By Trust (2)
Common Stock 07/13/2007   S   4,261 D $ 47.35 489,536 I By Trust (2)
Common Stock 07/13/2007   S   5,452 D $ 47.34 484,084 I By Trust (2)
Common Stock 07/13/2007   S   36,300 D $ 47.33 447,784 I By Trust (2)
Common Stock 07/13/2007   S   6,300 D $ 47.32 441,484 I By Trust (2)
Common Stock 07/13/2007   S   16,300 D $ 47.31 425,184 I By Trust (2)
Common Stock 07/13/2007   S   94,588 D $ 47.3 330,596 I By Trust (2)
Common Stock 07/13/2007   S   3,100 D $ 47.29 327,496 I By Trust (2)
Common Stock 07/13/2007   S   2,700 D $ 47.28 324,796 I By Trust (2)
Common Stock 07/13/2007   S   12,300 D $ 47.27 312,496 I By Trust (2)
Common Stock 07/13/2007   S   46,200 D $ 47.26 266,296 I By Trust (2)
Common Stock 07/13/2007   S   15,600 D $ 47.25 250,696 I By Trust (2)
Common Stock 07/13/2007   S   2,300 D $ 47.22 248,396 I By Trust (2)
Common Stock 07/13/2007   S   569 D $ 47.21 247,827 I By Trust (2)
Common Stock 07/13/2007   S   15,287 D $ 47.2 232,540 I By Trust (2)
Common Stock 07/13/2007   S   2,468 D $ 47.19 230,072 I By Trust (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 40.35 07/13/2007   M     78,126 10/20/2001 01/13/2009 Common Stock 78,126 $ 0 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 47.3139 07/13/2007   A(5)   72,124   01/13/2008 01/13/2009 Common Stock 72,124 $ 0 (3) 72,124 (4) D  
Employee Stock Option (right to buy) $ 43 07/13/2007   M     113,235 11/16/2001 01/14/2010 Common Stock 113,235 $ 0 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 47.3243 07/13/2007   A(5)   107,834   01/13/2008 01/14/2010 Common Stock 107,834 $ 0 (3) 107,834 (4) D  
Employee Stock Option (right to buy) $ 36.035 07/13/2007   M     110,000   (6) 01/11/2012 Common Stock 110,000 $ 0 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 35.22 07/13/2007   M     49,270 07/14/2002 01/12/2011 Common Stock 49,270 $ 0 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 36.295 07/13/2007   M     29,341 07/12/2004 01/10/2013 Common Stock 29,341 $ 0 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 35.655 07/13/2007   M     76,700 12/31/2005 01/15/2010 Common Stock 76,700 $ 0 (3) 0 (4) D  
Employee Stock Option (right to buy) $ 29.54 07/13/2007   M     61,700 12/31/2005 01/13/2011 Common Stock 61,700 $ 0 (3) 0 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PURTELL LAWRENCE R
201 ISABELLA STREET
PITTSBURGH, PA 15212		       Exec. VP and General Counsel  

Signatures

 Brenda Hart (Assistant Secretary), by power of attorney   07/17/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This Form 4 is 1 of 2 Form 4's filed to report the reporting person's transactions on July 13, 2007. Refer to both Form 4's filed this date for the reporting person.
(2) Held by a trust for the benefit of the reporting person. The reporting person's spouse is trustee of the trust.
(3) Employee stock options are granted without payment of consideration.
(4) In the aggregate, a total of 198,499 employee stock options (with various exercise prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.
(5) These are reload stock options granted in connection with the reporting person's exercise of outstanding options and payment of the option exercise costs by delivering to the Company (or selling) shares, as applicable, as reported herein.
(6) The options exercised by the reporting person as reported herein vested in three annual installments on January 11, 2003, January 11, 2004 and January 11, 2005.
 
Remarks:
REMARKS:  THIS FORM 4 IS 1 OF 2 FORM 4'S FILED TO REPORT THE REPORTING PERSON'S TRANSACTIONS ON JULY 13, 2007.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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