SEC Form 4 · accession 0001246360-16-007404
ALASKA AIR GROUP, INC. · ALK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brandon Pedersen
Officer — EXEC VP/FINANCE & CFO
Period of report
Dec 9, 2016
Accepted (ET)
Dec 9, 2016 · 8:28 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 9, 2016 | M | 2,446 | $38.755 | A | 19,351 | D | |
| COMMON STOCK | Dec 9, 2016 | M | 1,330 | $48.945 | A | 20,681 | D | |
| COMMON STOCKF6 | Dec 9, 2016 | S | 4,681 | $89.853 | D | 16,000 | D | |
| RESTRICTED STOCK UNITF1 | holding | — | — | — | 13,360 | 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,F3 | $38.755 | Dec 9, 2016 | M | 2,446 | D | Feb 11, 2015 | Feb 11, 2024 | COMMON STOCK | 2,446 | 4,890 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F4 | $48.945 | Dec 9, 2016 | M | 1,330 | D | May 12, 2015 | May 12, 2024 | COMMON STOCK | 1,330 | 1,330 | D |
Explanation of responses
- F1STOCK UNITS AWARDED UNDER THE 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.
- F2EXERCISE AND SALE EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN ADOPTED BY MR. PEDERSEN ON 4/26/2016.
- F3REMAINING OPTIONS VEST AS FOLLOWS: 2,444 ON 02/11/2017 AND 2,446 ON 02/11/2018.
- F4REMAINING OPTIONS VEST AS FOLLOWS: 664 ON 05/12/2017 AND 666 ON 05/12/2018.
- F5SALE OF 3,776 ALK SHARES EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN ADOPTED BY MR. PEDERSEN ON 4/26/2016.
- F6THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $89.231 TO $90.00, 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.