ALLETE INC 4

4 · ALLETE INC · Filed Jun 15, 2005

Insider Transaction Report

Form 4

Period: 2005-06-14

ALLETE INCALE

RAJALA JACK I

Director

Transactions

Exercise/Conversion
Common Stock
2005-06-14$16.60/sh+1,250$20,750→ 10,059.77 total
Exercise/Conversion
Common Stock
2005-06-14$15.88/sh+1,250$19,850→ 11,309.77 total
Exercise/Conversion
Common Stock
2005-06-14$25.08/sh+1,250$31,350→ 12,559.77 total
Exercise/Conversion
Common Stock
2005-06-14$25.45/sh+1,293$32,907→ 13,852.77 total
Exercise/Conversion
Common Stock
2005-06-14$18.85/sh+1,293$24,373→ 15,145.77 total
Sale
Common Stock
2005-06-14$49.74/sh−6,336$315,153→ 8,809.77 total
Exercise/Conversion
Stock Option - Right to Buy
[F1][F2]
2005-06-14−1,250→ 0 total
Exercise: $16.60Exp: 2006-01-02→ Common Stock (1,250 underlying)
Exercise/Conversion
Stock Option - Right to Buy
[F3][F4]
2005-06-14−1,250→ 0 total
Exercise: $15.88Exp: 2007-01-02→ Common Stock (1,250 underlying)
Exercise/Conversion
Stock Option - Right to Buy
[F5][F6]
2005-06-14−1,250→ 0 total
Exercise: $25.08Exp: 2008-01-02→ Common Stock (1,250 underlying)
Exercise/Conversion
Stock Option - Right to Buy
[F7][F8]
2005-06-14−1,293→ 0 total
Exercise: $25.45Exp: 2009-01-04→ Common Stock (1,293 underlying)
Exercise/Conversion
Stock Option - Right to Buy
[F9][F10]
2005-06-14−1,293→ 0 total
Exercise: $18.85Exp: 2010-01-03→ Common Stock (1,293 underlying)

Footnotes (10)

[F1]This option was previously reported as covering 1,450 shares at an exercise price of $14.31 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
[F10]This option vested 50% on January 3, 2001 and 50% on January 3, 2002.
[F2]This option vested 50% on January 2, 1997 and 50% on January 2, 1998.
[F3]This option was previously reported as covering 1,450 shares at an exercise price of $13.69 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
[F4]This option vested 50% on January 2, 1998 and 50% on January 2, 1999.
[F5]This option was previously reported as covering 1,450 shares at an exercise price of $21.63 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
[F6]This option vested 50% on January 2, 1999 and 50% on January 2, 2000.
[F7]This option was previously reported as covering 1,500 shares at an exercise price of $21.94 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.
[F8]This option vested 50% on January 4, 2000 and 50% on January 4, 2001.
[F9]This option was previously reported as covering 1,500 shares at an exercise price of $16.25 per share, but was adjusted to reflect the spin off of ALLETE's subsidiary, ADESA, Inc., and the reverse stock split on September 20, 2004.

Signature

Ingrid K. Johnson for Jack I. Rajala|2005-06-15

Documents

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