SEC Form 4 · accession 0001246360-16-007399
ALASKA AIR GROUP, INC. · ALK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benito Minicucci
Officer — PRES & COO
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 | 1,640 | $19.00 | A | 61,094 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 4,978 | $24.40 | A | 66,072 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 3,050 | $38.755 | A | 69,122 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 2,230 | $48.945 | A | 71,352 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 3,620 | $0.00 | A | 74,972 | D | |
| COMMON STOCK | Dec 7, 2016 | M | 1,640 | $0.00 | A | 76,612 | D | |
| COMMON STOCKF5 | Dec 7, 2016 | S | 11,426 | $85.1178 | D | 65,186 | D | |
| COMMON STOCKF6 | Dec 7, 2016 | S | 472 | $85.6597 | D | 64,714 | D | |
| COMMON STOCKF7 | Dec 7, 2016 | F | 1,139 | $87.67 | D | 63,575 | D | |
| COMMON STOCK | Dec 8, 2016 | G | 250 | $0.00 | D | 63,325 | D | |
| RESTRICTED STOCK UNITF1 | holding | — | — | — | 19,130 | 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) | $19.00 | Dec 7, 2016 | M | 1,640 | D | Feb 14, 2013 | Feb 14, 2022 | COMMON STOCK | 1,640 | 3,620 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F2 | $24.40 | Dec 7, 2016 | M | 4,978 | D | Feb 11, 2014 | Feb 11, 2023 | COMMON STOCK | 4,978 | 4,986 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F3 | $38.755 | Dec 7, 2016 | M | 3,050 | D | Feb 11, 2015 | Feb 11, 2024 | COMMON STOCK | 3,050 | 6,100 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F4 | $48.945 | Dec 7, 2016 | M | 2,230 | D | May 12, 2015 | May 12, 2024 | COMMON STOCK | 2,230 | 2,230 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY) | $19.00 | Dec 7, 2016 | M | 3,620 | D | Feb 14, 2013 | Feb 14, 2022 | COMMON STOCK | 3,620 | 0 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY) | $19.00 | Dec 7, 2016 | M | 1,640 | D | Feb 13, 2013 | Feb 14, 2022 | COMMON STOCK | 1,640 | 0 | D |
Explanation of responses
- F1STOCK UNITS AWARDED UNDER THE 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.
- F2REMAINING OPTIONS VEST ON 02/11/2017.
- F3REMAINING OPTIONS VEST AS FOLLOWS: 3,050 ON 2/11/2017 AND 3,050 ON 2/11/2018.
- F4REMAINING OPTIONS VEST AS FOLLOWS: 1,114 ON 05/12/2017 AND 1,116 ON 05/12/2018.
- F5THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $84.52 TO $85.51, 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.
- F6THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $85.52 TO $85.73, 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.
- F7THE PRICE REPORTED IN COLUMN 4 IS THE CLOSING PRICE OF ALK STOCK ON THE TRANSACTION DATE.