Alcoa CFO exercises options

By Associated Press May 15, 2008 Comments (0)

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The chief financial officer of Alcoa Inc., the largest U.S. aluminum producer, exercised options for 20,512 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.

In a Form 4 filed with the SEC, Charles D. McLane exercised the options Tuesday for $28.72 to $32.79 apiece and then sold 17,733 shares the same day for $41.58 to $41.74 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Alcoa is based in Pittsburgh.

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