Edgar Filing: ALLEGHENY TECHNOLOGIES INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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 ^*

SHILLING JACK W

2. Issuer Name and Ticker or Trading Symbol
ALLEGHENY TECHNOLOGIES INC [ATI]

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
EVP, Corp Development and CTO

(Last)

(First)

(Middle)

1000 SIX PPG PLACE

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2006

(Street)

PITTSBURGH, PA 15222-5479

4. If Amendment, Date 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

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.10 par value	11/17/2006		M		15,001	A	$ 7.245	46,927.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		M		3,334	A	$ 5.7	50,261.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		M		14,000	A	$ 3.625	64,261.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		600	D	$ 77.96	63,661.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		835	D	$ 77.95	62,826.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		300	D	$ 77.94	62,526.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		500	D	$ 77.93	62,026.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		400	D	$ 77.92	61,626.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		300	D	$ 77.9	61,326.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		100	D	$ 77.89	61,226.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		600	D	$ 77.82	60,626.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		6,500	D	$ 77.8	54,126.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		2,600	D	$ 77.79	51,526.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		200	D	$ 77.78	51,326.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		200	D	$ 77.77	51,126.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		2,500	D	$ 77.76	48,626.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		900	D	$ 77.75	47,726.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		900	D	$ 77.72	46,826.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		1,800	D	$ 77.7	45,026.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		800	D	$ 77.66	44,226.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		500	D	$ 77.64	43,726.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		200	D	$ 77.63	43,526.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		300	D	$ 77.61	43,226.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		600	D	$ 77.6	42,626.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		900	D	$ 77.59	41,726.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		100	D	$ 77.58	41,626.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		600	D	$ 77.57	41,026.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		300	D	$ 77.56	40,726.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		1,800	D	$ 77.55	38,926.9837	D ⁽¹⁾
Common Stock, $0.10 par value	11/17/2006		S		800	D	$ 77.54	38,126.9837	D ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option, right to buy

$ 7.245

11/17/2006

15,001

⁽²⁾

10/21/2012

Common Stock, $0.10 par value

15,001

$ 0

D ⁽¹⁾

Employee Stock Option, right to buy

$ 5.7

11/17/2006

3,334

⁽³⁾

01/24/2013

Common Stock, $0.10 par value

3,334

$ 0

D ⁽¹⁾

Employee Stock Option, right to buy

$ 3.625

11/17/2006

14,000

⁽⁴⁾

02/12/2013

Common Stock, $0.10 par value

14,000

$ 0

D ⁽¹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SHILLING JACK W 1000 SIX PPG PLACE PITTSBURGH, PA 15222-5479			EVP, Corp Development and CTO

Signatures

Jon D. Walton, Attorney in fact		11/21/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	Mr. Shilling owns 983.07670 shares of common stock indirectly in the Company's 401 (K) plan.
(2)	The options vested in three equal installments on October 21, 2003, 2004 and 2005.
(3)	The options vested in three equal installments on January 24, 2004, 2005 and 2006.
(4)	The options vested in three equal installments on February 12, 2004, 2005 and 2006.
Remarks: Form 1 of 2

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