SEC Form 4 · accession 0001246360-16-007398
ALASKA AIR GROUP, INC. · ALK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew R Harrison
Officer — EVP & CRO
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 7:28 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 | 750 | $48.945 | A | 19,684 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 1,572 | $65.37 | A | 21,256 | D | |
| COMMON STOCKF4 | Dec 7, 2016 | S | 6,528 | $85.0017 | D | 14,728 | D | |
| RESTRICTED STOCK UNITF1 | holding | — | — | — | 9,220 | 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)F2 | $48.945 | Dec 7, 2016 | M | 750 | D | May 12, 2015 | May 12, 2024 | COMMON STOCK | 750 | 1,500 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F3 | $65.37 | Dec 7, 2016 | M | 1,572 | D | Feb 10, 2016 | Feb 10, 2025 | COMMON STOCK | 1,572 | 4,718 | D |
Explanation of responses
- F1STOCK UNITS AWARDED UNDER ALASKA AIR GROUP'S 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.
- F2REMAINING OPTIONS WILL VEST AS FOLLOWS: 750 ON 05/12/2017 AND 750 ON 05/12/2018.
- F3REMAINING OPTIONS WILL VEST AS FOLLOWS: 1,573 ON 2/10/2017; 1,572 ON 2/10/2018 AND 1,573 ON 2/10/2019.
- F4THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $84.9416 TO $85.0271, 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.