SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Fisher Leigh Ann

(Last)

(First)

(Middle)

390 PARK AVENUE

(Street)

NEW YORK,

10022

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2016

3. Issuer Name and Ticker or Trading Symbol
Alcoa Corp [ AA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Exec VP and CAO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share	21,550⁽¹⁾	D
Common Stock, par value $0.01 per share	838⁽¹⁾	I	By Company 401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)⁽²⁾	⁽³⁾	01/26/2020	Common Stock	11,145	$30.33	D
Employee Stock Option (right to buy)⁽²⁾	⁽⁴⁾	01/25/2021	Common Stock	5,009	$36.38	D
Employee Stock Option (right to buy)⁽²⁾	⁽⁵⁾	01/20/2022	Common Stock	7,983	$22.78	D
Employee Stock Option (right to buy)⁽²⁾	⁽⁶⁾	01/16/2023	Common Stock	13,395	$19.89	D
Employee Stock Option (right to buy)⁽²⁾	⁽⁷⁾	01/16/2024	Common Stock	12,251	$24.73	D
Employee Stock Option (right to buy)⁽²⁾	⁽⁸⁾	01/19/2026	Common Stock	18,646	$15.1	D

Explanation of Responses:

1. 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. Results from the conversion of Parent phantom stock units acquire uner the Deferred Compensation Plan in connection with the Distribution pursuant to the employee matters agreement,

2. Results from the conversion of Parent stock option 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.

3. The option vested in three equal annual installments beginning January 26, 2011.

4. The option vested in three equal annual installments beginning January 25, 2012.

5. The option vested in three equal annual installments beginning January 20, 2013.

6. The option vests in three equal annual installments beginning January 16, 2014.

7. The option vests in three equal annual installments beginning January 16, 2015.

8. The option vests in three equal annual installments beginning January 19, 2017.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney Leigh Ann Fisher

	/s/ Marissa Earnest (Assistant Secretary), by power of attorney	11/14/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.