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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
KAISER ALUMINUM CORPORATION
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
483007704
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(CUSIP Number of Class of Securities)
July 6, 2006
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(Date of Event Which Requires Filing of This Statement)
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Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 6)
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
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CUSIP NO. 483007704 SCHEDULE 13G PAGE 2 OF 6 PAGES
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. Identification No. of Above Person
KAISER ALUMINUM & CHEMICAL CORPORATION ASBESTOS PERSONAL INJURY TRUST
20-5134210
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ X ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5. SOLE VOTING POWER 1,113,915
SHARES --------------------------------------------------------
BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER 0
EACH --------------------------------------------------------
REPORTING
PERSON 7. SOLE DISPOSITIVE POWER 1,113,915
WITH: --------------------------------------------------------
8. SHARED DISPOSITIVE POWER 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,113,915
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
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12. TYPE OF REPORTING PERSON
00
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CUSIP NO. 483007704 SCHEDULE 13G PAGE 3 OF 6 PAGES
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ITEM 1.
(a) NAME OF ISSUER.
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The name of the issuer is
KAISER ALUMINUM CORPORATION (the "Issuer").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
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The Issuer's principal executive offices are located at
27422 Portola Parkway, Suite 350, Foothill Ranch,
California 92610-2831
ITEM 2.
(a) NAME OF PERSON FILING.
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This statement is filed by
KAISER ALUMINUM & CHEMICAL CORPORATION ASBESTOS
PERSONAL INJURY TRUST (the "Reporting Person")
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.
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The address of the principal business office of the
Reporting Person is
c/o Wilmington Trust Company
1100 N. Market Street
Wilmington, Delaware 19890-1625
(c) CITIZENSHIP.
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USA
(d) TITLE OF CLASS OF SECURITIES.
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Shares of Common Stock, par value $.01 par value per share
(the "Common Stock").
(e) CUSIP NUMBER.
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483007704
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CUSIP NO. 483007704 SCHEDULE 13G PAGE 4 OF 6 PAGES
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
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(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act;
(e) [ ] An investment adviser in accordance with
Rule 13d-1(b)(l)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(l)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(l)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(l)(ii)(J).
Not applicable
ITEM 4. OWNERSHIP.
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(a) Amount Beneficially Owned: 1,113,915
(b) Percent of Class: 5.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,113,915
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct
the disposition of: 1,113,915
(iv) shared power to dispose or to direct the
disposition of: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
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If this statement is being filed to report the
fact that as of the date hereof, the reporting
person has ceased to be the beneficial owner of
more than five percent of the class of securities,
check the following: [ ]
Not Applicable.
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CUSIP NO. 483007704 SCHEDULE 13G PAGE 5 OF 6 PAGES
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF
OF ANOTHER PERSON.
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Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY
THE PARENT HOLDING COMPANY.
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Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
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Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
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Not applicable.
ITEM 10. CERTIFICATION.
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By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
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CUSIP NO. 483007704 SCHEDULE 13G PAGE 6 OF 6 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Statement is true,
complete and correct.
KAISER ALUMINUM & CHEMICAL CORPORATION
ASBESTOS PERSONAL INJURY TRUST
By: /s/ MARK M. GLEASON
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Its: Trustee
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Dated: October 27, 2006