Form: 3

Initial statement of beneficial ownership of securities

Documents

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
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1. Name and Address of Reporting Person*
McAuliffe James E
(Last) (First) (Middle)
27422 PORTOLA PARKWAY
SUITE 350
(Street)
FOOTHILL RANCH CA 92610
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/11/2007 		3. Issuer Name and Ticker or Trading Symbol
KAISER ALUMINUM CORP [ KALU ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP
 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 25,758(1) D
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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (2) 04/03/2017 Common Stock, par value $0.01 per share 1,067 80.01 D
Explanation of Responses:
1. Reporting person was granted 24,000 shares of restricted stock on July 6, 2006 under the Kaiseral Aluminum Corporation 2006 Equity and Performance Incentive Plan; all restrictions on such shares will lapse on July 6, 2009. Reporting person was granted an additional 1,758 shares of restricted stock on April 3, 2007 under the Kaiseral Aluminum Corporation 2006 Equity and Performance Incentive Plan; all restriction on such shares will lapse on April 3, 2010.
2. Grant to the reporting person on April 3, 2007 of stock options under Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan to purchase 1,067 shares of Kaiser Aluminum Corporation common stock; 355 of which will vest on April 3, 2008 and 356 of which will vest on each of April 3, 2009 and April 3, 2010.
Remarks:
/s/ Cherrie Tsai, with power of attorney for James E. McAuliffe 12/17/2007
** 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.