Edgar Filing: McMillan David J

Ownership Submission

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, 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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â McMillan David J

2. Date of Event Requiring Statement (Month/Day/Year)
10/19/2010

3. Issuer Name and Ticker or Trading Symbol
ALLETE INC [ALE]

(Last)

(First)

(Middle)

30 WEST SUPERIOR STREET

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Sr VP Mktg, Reg. & Pub Affairs

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

(Street)

DULUTH,Â MNÂ 55802

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 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	5,893.29	D	Â
Common Stock	5,827.89	I	By RSOP Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 of Derivative Security: 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		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	Â ⁽¹⁾	01/02/2012	Common Stock	3,861	$ 29.79	D	Â
Employee Stock Option (Right to Buy)	Â ⁽²⁾	02/03/2013	Common Stock	1,931	$ 23.79	D	Â
Employee Stock Option (Right to Buy)	Â ⁽³⁾	02/03/2014	Common Stock	3,409	$ 37.76	D	Â
Employee Stock Option (Right to Buy)	Â ⁽⁴⁾	02/01/2015	Common Stock	4,109	$ 41.36	D	Â
Employee Stock Option (Right to Buy)	Â ⁽⁵⁾	02/01/2016	Common Stock	4,365	$ 44.15	D	Â
Employee Stock Option (Right to Buy)	Â ⁽⁶⁾	02/01/2017	Common Stock	4,019	$ 48.65	D	Â
Employee Stock Option (Right to Buy)	Â ⁽⁷⁾	02/01/2018	Common Stock	7,383	$ 39.1	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
McMillan David J 30 WEST SUPERIOR STREET DULUTH,Â MNÂ 55802	Â	Â	Â Sr VP Mktg, Reg. & Pub Affairs	Â

Signatures

David J. McMillan		10/27/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The option vested in three equal installments; one-third vested on January 2, 2003, one-third vested on January 12, 2004, and the remainder vested on January 2, 2005.
(2)	The option vested in three equal installments; one-third vested on February 3, 2004, one-third vested on February 3, 2005, and the remainder vested on February 3, 2006.
(3)	The option vested in three equal installments; one-third vested on February 2, 2005, one-third vested on February 2, 2006, and the remainder vested on February 2, 2007.
(4)	The option vested in three equal installments; one-third vested on February 1, 2006, one-third vested on February 1, 2007, and the remainder vested on February 1, 2008.
(5)	The option vested in three equal installments; one-third vested on February 1, 2007, one-third vested on February 1, 2008, and the remainder vested on February 1, 2009.
(6)	The option vested in three equal installments; one-third vested on February 1, 2008, one-third vested on February 1, 2009, and the remainder vested on February 1, 2010.
(7)	The option vests in three equal installments; one-third vested on February 1, 2009, one-third vested on February 1, 2010, and the remainder will vest on February 1, 2011.

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