X0201 32004-01-01 0 0000004281 ALCOA INC AA 0001268015 REITAN BERNT 201 ISABELLA STREET PITTSBURGH, PA 15212 0100Executive Vice President Employee Stock Option(Right To Buy)31.46872002-01-122011-01-12Common Stock11600DEmployee Stock Option(Right To Buy)36.0352003-01-112012-01-11Common Stock68400DEmployee Stock Option(Right To Buy)22.5552004-01-102013-01-10Common Stock105400DPhantom Stock UnitsCommon Stock2250DThe option vests in three equal annual installments beginning January 10, 2004.Phantom stock units were acquired under the Alcoa Stock Acquisition Plan. Vested units become subject to the provisions of the Alcoa Deferred Compensation Plan and are to be paid out in cash after termination of employment.1 For 1"No securities beneficially owned for Table 1 (Non-Derivative Securities Beneficially Owned)."Brenda Hart (Assistant Secretary), by power of attorney2004-01-12