X0202 4 2007-07-18 0000004281 ALCOA INC AA 0001127285 BELDA ALAIN J P 201 ISABELLA STREET PITTSBURGH PA 15212 1 1 0 0 Chairman and CEO Common Stock 2007-07-18 4 M 0 11139 39.05 A 1232896 D Common Stock 2007-07-18 4 M 0 12894 39.05 A 1245790 D Common Stock 2007-07-18 4 M 0 42717 39.05 A 1288507 D Common Stock 2007-07-18 4 M 0 87789 39.05 A 1376296 D Common Stock 2007-07-18 4 M 0 115894 40.2187 A 1492190 D Common Stock 2007-07-18 4 M 0 320522 36.5937 A 1812712 D Common Stock 2007-07-18 4 M 0 274369 37.26 A 2087081 D Common Stock 2007-07-18 4 M 0 181767 37.85 A 2268848 D Common Stock 2007-07-18 4 M 0 172653 41.51 A 2441501 D Common Stock 2007-07-18 4 M 0 680000 40.2187 A 3121501 D Common Stock 2007-07-18 4 M 0 643390 36.035 A 3764891 D Common Stock 2007-07-18 4 M 0 421053 36.87 A 4185944 D Common Stock 2007-07-18 4 F 0 568086 46.45 D 3617858 D Common Stock 2007-07-18 4 F 0 375723 46.45 D 3242135 D Common Stock 2007-07-18 4 S 0 9188 46.48 D 3232947 D Common Stock 2007-07-18 4 S 0 1400 46.475 D 3231547 D Common Stock 2007-07-18 4 S 0 46801 46.47 D 3184746 D Common Stock 2007-07-18 4 S 0 11810 46.46 D 3172936 D Common Stock 2007-07-18 4 S 0 23600 46.45 D 3149336 D Common Stock 2007-07-18 4 S 0 14200 46.44 D 3135136 D Common Stock 2007-07-18 4 S 0 14200 46.43 D 3120936 D Common Stock 2007-07-18 4 S 0 100 46.425 D 3120836 D Common Stock 2007-07-18 4 S 0 3700 46.42 D 3117136 D Common Stock 2007-07-18 4 S 0 4600 46.41 D 3112536 D Common Stock 2007-07-18 4 S 0 3800 46.40 D 3108736 D Common Stock 2007-07-18 4 S 0 7200 46.39 D 3101536 D Common Stock 2007-07-18 4 S 0 12200 46.38 D 3089336 D Common Stock 2007-07-18 4 S 0 6700 46.37 D 3082636 D Common Stock 2007-07-18 4 S 0 69150 46.36 D 3013486 D Common Stock 2007-07-18 4 S 0 99417 46.35 D 2914069 D Employee Stock Option (right to buy) 39.05 2007-07-18 4 M 0 11139 0 D 2001-09-08 2008-01-13 Common Stock 11139 0 D Employee Stock Option (right to buy) 39.05 2007-07-18 4 M 0 12894 0 D 2001-09-08 2008-01-13 Common Stock 12894 0 D Employee Stock Option (right to buy) 39.05 2007-07-18 4 M 0 42717 0 D 2001-09-08 2008-01-13 Common Stock 42717 0 D Employee Stock Option (right to buy) 39.05 2007-07-18 4 M 0 87789 0 D 2001-09-08 2008-01-13 Common Stock 87789 0 D Employee Stock Option (right to buy) 40.2187 2007-07-18 4 M 0 115894 0 D 2000-07-14 2008-01-13 Common Stock 115894 0 D Employee Stock Option (right to buy) 36.5937 2007-07-18 4 M 0 320522 0 D 2000-08-16 2009-01-13 Common Stock 320522 0 D Employee Stock Option (right to buy) 46.1639 2007-07-18 4 A 0 285837 0 A 2008-01-18 2009-01-13 Common Stock 285837 285837 D Employee Stock Option (right to buy) 37.26 2007-07-18 4 M 0 274369 0 D 2004-06-19 2009-05-06 Common Stock 274369 0 D Employee Stock Option (right to buy) 46.2327 2007-07-18 4 A 0 246573 0 A 2008-01-18 2009-05-06 Common Stock 246573 246573 D Employee Stock Option (right to buy) 37.85 2007-07-18 4 M 0 181767 0 D 2002-05-20 2009-05-06 Common Stock 181767 0 D Employee Stock Option (right to buy) 46.2179 2007-07-18 4 A 0 164588 0 A 2008-01-18 2009-05-06 Common Stock 164588 164588 D Employee Stock Option (right to buy) 41.51 2007-07-18 4 M 0 172653 0 D 2002-01-13 2009-05-06 Common Stock 172653 0 D Employee Stock Option (right to buy) 46.2224 2007-07-18 4 A 0 163465 0 A 2008-01-18 2009-05-06 Common Stock 163465 163465 D Employee Stock Option (right to buy) 40.2187 2007-07-18 4 M 0 680000 0 D 2001-01-14 2010-01-14 Common Stock 680000 0 D Employee Stock Option (right to buy) 46.1736 2007-07-18 4 A 0 634222 0 A 2008-01-18 2010-01-14 Common Stock 634222 634222 D Employee Stock Option (right to buy) 36.035 2007-07-18 4 M 0 643390 0 D 2003-01-11 2012-01-11 Common Stock 643390 0 D Employee Stock Option (right to buy) 46.45 2007-07-18 4 A 0 568086 0 A 2008-01-18 2012-01-11 Common Stock 568086 568086 D Employee Stock Option (right to buy) 36.87 2007-07-18 4 M 0 421053 0 D 2002-08-15 2011-01-12 Common Stock 421053 172267 D Employee Stock Option (right to buy) 46.45 2007-07-18 4 A 0 375723 0 A 2008-01-18 2011-01-12 Common Stock 375723 375723 D 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. Employee stock options are granted without payment of consideration. 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. 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. 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. Brenda Hart (Assistant Secretary), by power of attorney 2007-07-20