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

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

BELDA ALAIN J P

2. Issuer Name and Ticker or Trading Symbol
ALCOA INC [AA]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman and CEO

(Last)

(First)

(Middle)

201 ISABELLA STREET

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2007

(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	07/18/2007		M		11,139	A	$ 39.05	1,232,896 ⁽¹⁾	D
Common Stock	07/18/2007		M		12,894	A	$ 39.05	1,245,790	D
Common Stock	07/18/2007		M		42,717	A	$ 39.05	1,288,507	D
Common Stock	07/18/2007		M		87,789	A	$ 39.05	1,376,296	D
Common Stock	07/18/2007		M		115,894	A	$ 40.2187	1,492,190	D
Common Stock	07/18/2007		M		320,522	A	$ 36.5937	1,812,712	D
Common Stock	07/18/2007		M		274,369	A	$ 37.26	2,087,081	D
Common Stock	07/18/2007		M		181,767	A	$ 37.85	2,268,848	D
Common Stock	07/18/2007		M		172,653	A	$ 41.51	2,441,501	D
Common Stock	07/18/2007		M		680,000	A	$ 40.2187	3,121,501	D
Common Stock	07/18/2007		M		643,390	A	$ 36.035	3,764,891	D
Common Stock	07/18/2007		M		421,053	A	$ 36.87	4,185,944	D
Common Stock	07/18/2007		F		568,086	D	$ 46.45	3,617,858	D
Common Stock	07/18/2007		F		375,723	D	$ 46.45	3,242,135	D
Common Stock	07/18/2007		S		9,188	D	$ 46.48	3,232,947	D
Common Stock	07/18/2007		S		1,400	D	$ 46.475	3,231,547	D
Common Stock	07/18/2007		S		46,801	D	$ 46.47	3,184,746	D
Common Stock	07/18/2007		S		11,810	D	$ 46.46	3,172,936	D
Common Stock	07/18/2007		S		23,600	D	$ 46.45	3,149,336	D
Common Stock	07/18/2007		S		14,200	D	$ 46.44	3,135,136	D
Common Stock	07/18/2007		S		14,200	D	$ 46.43	3,120,936	D
Common Stock	07/18/2007		S		100	D	$ 46.425	3,120,836	D
Common Stock	07/18/2007		S		3,700	D	$ 46.42	3,117,136	D
Common Stock	07/18/2007		S		4,600	D	$ 46.41	3,112,536	D
Common Stock	07/18/2007		S		3,800	D	$ 46.4	3,108,736	D
Common Stock	07/18/2007		S		7,200	D	$ 46.39	3,101,536	D
Common Stock	07/18/2007		S		12,200	D	$ 46.38	3,089,336	D
Common Stock	07/18/2007		S		6,700	D	$ 46.37	3,082,636	D
Common Stock	07/18/2007		S		69,150	D	$ 46.36	3,013,486	D
Common Stock	07/18/2007		S		99,417	D	$ 46.35	2,914,069	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)

$ 39.05

07/18/2007

11,139

09/08/2001

01/13/2008

Common Stock

11,139

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 39.05

07/18/2007

12,894

09/08/2001

01/13/2008

Common Stock

12,894

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 39.05

07/18/2007

42,717

09/08/2001

01/13/2008

Common Stock

42,717

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 39.05

07/18/2007

87,789

09/08/2001

01/13/2008

Common Stock

87,789

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 40.2187

07/18/2007

115,894

07/14/2000

01/13/2008

Common Stock

115,894

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 36.5937

07/18/2007

320,522

08/16/2000

01/13/2009

Common Stock

320,522

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 46.1639

07/18/2007

A⁽⁴⁾

285,837

01/18/2008

01/13/2009

Common Stock

285,837

$ 0 ⁽²⁾

285,837 ⁽³⁾

Employee Stock Option (right to buy)

$ 37.26

07/18/2007

274,369

06/19/2004

05/06/2009

Common Stock

274,369

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 46.2327

07/18/2007

A⁽⁴⁾

246,573

01/18/2008

05/06/2009

Common Stock

246,573

$ 0 ⁽²⁾

246,573 ⁽³⁾

Employee Stock Option (right to buy)

$ 37.85

07/18/2007

181,767

05/20/2002

05/06/2009

Common Stock

181,767

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 46.2179

07/18/2007

A⁽⁴⁾

164,588

01/18/2008

05/06/2009

Common Stock

164,588

$ 0 ⁽²⁾

164,588 ⁽³⁾

Employee Stock Option (right to buy)

$ 41.51

07/18/2007

172,653

01/13/2002

05/06/2009

Common Stock

172,653

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 46.2224

07/18/2007

A⁽⁴⁾

163,465

01/18/2008

05/06/2009

Common Stock

163,465

$ 0 ⁽²⁾

163,465 ⁽³⁾

Employee Stock Option (right to buy)

$ 40.2187

07/18/2007

680,000

01/14/2001

01/14/2010

Common Stock

680,000

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 46.1736

07/18/2007

A⁽⁴⁾

634,222

01/18/2008

01/14/2010

Common Stock

634,222

$ 0 ⁽²⁾

634,222 ⁽³⁾

Employee Stock Option (right to buy)

$ 36.035

07/18/2007

643,390

01/11/2003

01/11/2012

Common Stock

643,390

$ 0 ⁽²⁾

0 ⁽³⁾

Employee Stock Option (right to buy)

$ 46.45

07/18/2007

A⁽⁴⁾

568,086

01/18/2008

01/11/2012

Common Stock

568,086

$ 0 ⁽²⁾

568,086 ⁽³⁾

Employee Stock Option (right to buy)

$ 36.87

07/18/2007

421,053

08/15/2002

01/12/2011

Common Stock

421,053

$ 0 ⁽²⁾

172,267 ⁽³⁾

Employee Stock Option (right to buy)

$ 46.45

07/18/2007

A⁽⁴⁾

375,723

01/18/2008

01/12/2011

Common Stock

375,723

$ 0 ⁽²⁾

375,723 ⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BELDA ALAIN J P 201 ISABELLA STREET PITTSBURGH, PA 15212	X		Chairman and CEO

Signatures

Brenda Hart (Assistant Secretary), by power of attorney		07/20/2007
^**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 18, 2007. Refer to all of the Form 4's filed this date for the reporting person.
(2)	Employee stock options are granted without payment of consideration.
(3)	In the aggregate, a total of 4,302,965 employee stock options (with various exercise prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.
(4)	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 18, 2007. REFER TO ALL OF THE FORM 4'S FILED THIS DATE FOR THE REPORTING PERSON.

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.