X0304 4 2011-12-31 0000004281 ALCOA INC AA 0001184009 SCHACHT HENRY B 201 ISABELLA STREET PITTSBURGH PA 15212 0 0 0 1 Senior Advisor to the Board Common Stock 2011-12-31 4 M 0 949 A 20065.5342 D Common Stock 2011-12-31 4 D 0 949 8.62 D 19116.5342 D Phantom Stock Units 2011-12-31 4 M 0 949 D 2011-12-31 Common Stock 949 35308 D On December 31, 2011, 949 of the reporting person's phantom stock units held under the Alcoa 2005 Deferred Fee Plan for Directors (the "Plan") were settled for cash in accordance with the terms of the Plan after termination of service as a director. Each phantom stock unit was the economic equivalent of one share of Alcoa Inc. common stock. Includes shares acquired under the Alcoa Dividend Reinvestment Plan. Brenda Hart (Assistant Secretary), by power of attorney 2012-01-03