Edgar Filing: ALCOA INC

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 ^*

CHRISTOPHER WILLIAM F

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)
Executive Vice President

(Last)

(First)

(Middle)

201 ISABELLA STREET

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2007

(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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/17/2007		M		82,500	A	$ 36.035	315,448 ⁽¹⁾	D
Common Stock	07/17/2007		M		37,840	A	$ 36.295	353,288 ⁽¹⁾	D
Common Stock	07/17/2007		M		91,400	A	$ 35.655	444,688 ⁽¹⁾	D
Common Stock	07/17/2007		M		72,800	A	$ 40.2187	517,488 ⁽¹⁾	D
Common Stock	07/17/2007		M		12,898	A	$ 30.9562	530,386 ⁽¹⁾	D
Common Stock	07/17/2007		M		57,637	A	$ 36.3172	588,023 ⁽¹⁾	D
Common Stock	07/17/2007		M		50,123	A	$ 38.32	638,146 ⁽¹⁾	D
Common Stock	07/17/2007		S		110	D	$ 46.83	638,036 ⁽¹⁾	D
Common Stock	07/17/2007		S		1,300	D	$ 46.81	636,736 ⁽¹⁾	D
Common Stock	07/17/2007		S		1,000	D	$ 46.8	635,736 ⁽¹⁾	D
Common Stock	07/17/2007		S		4,000	D	$ 46.79	631,736 ⁽¹⁾	D
Common Stock	07/17/2007		S		11,900	D	$ 46.78	619,836 ⁽¹⁾	D
Common Stock	07/17/2007		S		8,322	D	$ 46.77	611,514 ⁽¹⁾	D
Common Stock	07/17/2007		S		13,654	D	$ 46.76	597,860 ⁽¹⁾	D
Common Stock	07/17/2007		S		80,926	D	$ 46.75	516,934 ⁽¹⁾	D
Common Stock	07/17/2007		S		14,700	D	$ 46.74	502,234 ⁽¹⁾	D
Common Stock	07/17/2007		S		6,000	D	$ 46.73	496,234 ⁽¹⁾	D
Common Stock	07/17/2007		S		900	D	$ 46.72	495,334 ⁽¹⁾	D
Common Stock	07/17/2007		S		600	D	$ 46.71	494,734 ⁽¹⁾	D
Common Stock	07/17/2007		S		700	D	$ 46.7	494,034 ⁽¹⁾	D
Common Stock	07/17/2007		S		2,300	D	$ 46.69	491,734 ⁽¹⁾	D
Common Stock	07/17/2007		S		1,400	D	$ 46.68	490,334 ⁽¹⁾	D
Common Stock	07/17/2007		S		2,900	D	$ 46.67	487,434 ⁽¹⁾	D
Common Stock	07/17/2007		S		2,865	D	$ 46.66	484,569 ⁽¹⁾	D
Common Stock	07/17/2007		S		2,735	D	$ 46.65	481,834 ⁽¹⁾	D
Common Stock	07/17/2007		S		5,600	D	$ 46.64	476,234 ⁽¹⁾	D
Common Stock	07/17/2007		S		4,700	D	$ 46.63	471,534 ⁽¹⁾	D
Common Stock	07/17/2007		S		5,800	D	$ 46.62	465,734 ⁽¹⁾	D
Common Stock	07/17/2007		S		3,100	D	$ 46.61	462,634 ⁽¹⁾	D
Common Stock	07/17/2007		S		6,636	D	$ 46.6	455,998 ⁽¹⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 36.035

07/17/2007

82,500

⁽²⁾

01/11/2012

Common Stock

82,500

$ 0 ⁽³⁾

0 ⁽⁴⁾

Employee Stock Option (right of buy)

$ 36.295

07/17/2007

37,840

07/12/2004

01/10/2013

Common Stock

37,840

$ 0 ⁽³⁾

0 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 35.655

07/17/2007

91,400

⁽⁵⁾

01/15/2010

Common Stock

91,400

$ 0 ⁽³⁾

0 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 40.2187

07/17/2007

72,800

⁽⁶⁾

01/14/2010

Common Stock

72,800

$ 0 ⁽³⁾

0 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 46.3983

07/17/2007

A⁽⁷⁾

67,635

01/17/2008

01/14/2010

Common Stock

67,635

$ 0 ⁽³⁾

67,635 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 30.9562

07/17/2007

12,898

06/06/2001

01/13/2009

Common Stock

12,898

$ 0 ⁽³⁾

0 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 46.6145

07/17/2007

A⁽⁷⁾

10,445

01/17/2008

01/13/2009

Common Stock

10,445

$ 0 ⁽³⁾

10,445 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 36.3172

07/17/2007

57,637

09/12/2001

01/13/2008

Common Stock

57,637

$ 0 ⁽³⁾

0 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 46.7416

07/17/2007

A⁽⁷⁾

50,521

01/17/2008

01/13/2008

Common Stock

50,521

$ 0 ⁽³⁾

50,521 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 38.32

07/17/2007

50,123

05/27/2002

01/13/2009

Common Stock

50,123

$ 0 ⁽³⁾

0 ⁽⁴⁾

Employee Stock Option (right to buy)

$ 46.6403

07/17/2007

A⁽⁷⁾

45,155

01/17/2008

01/13/2009

Common Stock

45,155

$ 0 ⁽³⁾

45,155 ⁽⁴⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CHRISTOPHER WILLIAM F 201 ISABELLA STREET PITTSBURGH, PA 15212			Executive Vice President

Signatures

Brenda Hart (Assistant Secretary), by power of attorney		07/19/2007
^**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 3 Form 4's filed to report the reporting person's transactions on July 17, 2007. Refer to all of the Form 4's filed this date for the reporting person.
(2)	This option is part of an option grant that vested in three equal annual installments beginning January 11, 2003.
(3)	Employee stock options are granted without payment of consideration.
(4)	In the aggregate, a total of 430,786 employee stock options (with various prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.
(5)	1/3 of this option grant vested on January 15, 2005 and the remainder vested on December 31, 2005.
(6)	This option is part of an option grant that vested in three equal annual installments beginning January 14, 2001.
(7)	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.
Remarks: THIS FORM 4 IS 1 OF 3 FORM 4'S FILED TO REPORT THE REPORTING PERSON'S TRANSACTIONS ON JULY 17, 2007.

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

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.