Sec Form 4 Filing - Collins Robert Sean @ Alcoa Corp - 2016-11-14

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
Collins Robert Sean
2. Issuer Name and Ticker or Trading Symbol
Alcoa Corp [ AA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Exec VP and Controller
(Last) (First) (Middle)
390 PARK AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
11/14/2016
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 11/14/2016 M 4,012 A $ 24.73 32,046 ( 2 ) D
Common Stock 11/14/2016 S 4,012 D $ 29.551 ( 1 ) 28,034 ( 2 ) D
Common Stock 11/14/2016 M 18,271 A $ 19.89 46,305 ( 2 ) D
Common Stock 11/14/2016 S 18,271 D $ 29.551 ( 1 ) 28,034 ( 2 ) D
Common Stock 11/14/2016 M 18,164 A $ 22.78 46,198 ( 2 ) D
Common Stock 11/14/2016 S 18,164 D $ 29.551 ( 1 ) 28,034 ( 2 ) D
Common Stock 130 I By Wife in Company 401(k) Plan
Common Stock 454 I By Company 401(k) Plan
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) ( 3 ) $ 24.73 11/14/2016 M 4,012 ( 4 ) 01/16/2024 Common Stock 4,012 $ 0 ( 5 ) 2,006 D
Employee Stock Option (right to buy) ( 3 ) $ 19.89 11/14/2016 M 18,271 ( 6 ) 01/16/2023 Common Stock 18,271 $ 0 ( 5 ) 0 D
Employee Stock Option (right to buy) ( 3 ) $ 22.78 11/14/2016 M 18,164 ( 7 ) 01/20/2022 Common Stock 18,164 $ 0 ( 5 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Collins Robert Sean
390 PARK AVENUE
NEW YORK, NY10022
Exec VP and Controller
Signatures
/s/ Marissa Earnest (Assistant Secretary), by power of attorney 11/16/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $29.4350 to $29.7800. The reporting person undertakes to provide to Alcoa Corporation, any security holder of Alcoa Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth in this footnote.
( 2 )Shares of Alcoa Corporation ("Alcoa") common stock were received by the reporting person pursuant to the distribution paid by Alcoa Inc. (now renamed Arconic Inc.) ("Arconic" or "Parent") on November 1, 2016, to Parent shareholders of record as of October 20, 2016 (the "Record Date"), of one share of Alcoa common stock for every three shares of Parent common stock held on the Record Date (the "Distribution"), pursuant to the separation and distribution agreement, dated October 31, 2016, between Alcoa and Parent. Also includes shares of common stock underlying awards resulting from the conversion of Parent equity awards in connection with the Distribution pursuant to the terms of the employee matters agreement, dated as of October 31, 2016, between Alcoa and Parent (the "Employee Matters Agreement").
( 3 )Resulted from the conversion of Parent stock option awards, in connection with the Distribution pursuant to the terms of the Employee Matters Agreement.
( 4 )This option is part of an option grant that vests in three equal annual installments beginning January 16, 2015. The installment exercised by the reporting person as reported herein vested on January 16, 2015 and January 16, 2016.
( 5 )Employee stock options are granted without payment of consideration.
( 6 )This option vested in three equal annual installments beginning January 16, 2014.
( 7 )This option vested in three equal annual installments beginning January 16, 2013.

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