SEC Form 4 · accession 0000066756-15-000039

ALLETE INC · ALE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SrVP, Gen. Counsel & Secretary

Period of report

Mar 16, 2015

Accepted (ET)

Mar 17, 2015 · 4:30 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000066756

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Mar 16, 2015	M	6,004	$44.15	A	21,243	D
Common Stock^F2	Mar 16, 2015	S	6,004	$53.58	D	15,239	D
Common Stock^F3	holding	—	—		—	13,559	I	By RSOP Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F4	$44.15	Mar 16, 2015	M	6,004	D	—	Feb 1, 2016	Common Stock	6,004	0	D

F1Includes shares acquired in exempt transactions pursuant to the dividend reinvestment feature of ALLETE's stock purchase and dividend reinvestment plan based on plan information available as of March 1, 2015.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.45-$53.80, inclusive. The reporting person undertakes to provide to ALLETE, any security holder of ALLETE, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range provided above.
F3Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP) based on RSOP plan information available as of March 13, 2015.
F4This option vested in three equal installments, on the first, second, and third anniversary of the February 1, 2006 grant date.