SEC Form 4 · accession 0001246360-16-007396
ALASKA AIR GROUP, INC. · ALK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Sprague
Officer — SR VP/COMM & EXT RELATIONS
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 7:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000766421
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | Dec 7, 2016 | M | 170 | $38.755 | A | 19,688 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 1,410 | $48.945 | A | 21,098 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 882 | $65.37 | A | 21,980 | D | |
| COMMON STOCKF6 | Dec 7, 2016 | S | 9,482 | $87.2348 | D | 12,498 | D | |
| COMMON STOCK 401(K)F1 | holding | — | — | — | 7,049 | I | ESOP TRUST | |
| RESTRICTED STOCK UNITF2 | holding | — | — | — | 6,620 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EMPLOYEE STOCK OPTION (RT TO BUY)F3 | $38.755 | Dec 7, 2016 | M | 170 | D | Feb 11, 2015 | Feb 11, 2024 | COMMON STOCK | 170 | 3,190 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F4 | $48.945 | Dec 7, 2016 | M | 1,410 | D | May 12, 2015 | May 12, 2024 | COMMON STOCK | 1,410 | 1,410 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F5 | $65.37 | Dec 7, 2016 | M | 882 | D | Feb 10, 2016 | Feb 10, 2025 | COMMON STOCK | 882 | 2,648 | D |
Explanation of responses
- F1COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST, AS OF 12/31/15.
- F2STOCK UNITS AWARDED UNDER ALASKA AIR GROUP'S 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.
- F3REMAINING OPTIONS VEST AS FOLLOWS: 840 ON 02/11/2017 AND 840 ON 02/11/2018.
- F4REMAINING OPTIONS VEST AS FOLLOWS: 704 ON 05/12/2017 AND 706 ON 05/12/2018.
- F5REMAINING OPTIONS VEST AS FOLLOWS: 883 ON 02/10/2017; 882 ON 02/10/2018; AND 883 ON 02/10/2019.
- F6THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $86.9831 TO $87.9525, INCLUSIVE. THE REPORTING PERSON UNDERTAKES TO PROVIDE TO ALASKA AIR GROUP, ANY SECURITY HOLDER OF ALASKA AIR GROUP, OR THE STAFF OF THE SECURITIES AND EXCHANGE COMMISSION, UPON REQUEST, FULL INFORMATION REGARDING THE NUMBER OF SHARES SOLD AT EACH SEPARATE PRICE WITHIN THE RANGES SET FORTH IN THIS FOOTNOTE.