SEC Form 4 · accession 0001246360-17-000808
ALASKA AIR GROUP, INC. · ALK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark G Eliasen
Officer — VP/FINANCE & TREASURER
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 7:49 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 STOCKF2 | Feb 14, 2017 | A | 2,372 | $0.00 | A | 8,261 | D | |
| COMMON STOCKF2 | Feb 14, 2017 | F | 649 | $96.30 | D | 7,612 | D | |
| COMMON STOCKF2 | Feb 16, 2017 | S | 1,095 | $96.72 | D | 6,517 | D | |
| COMMON STOCK 401(K)F1 | holding | — | — | — | 783 | I | ESOP TRUST | |
| COMMON STOCKF2 | holding | — | — | — | 6,517 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITSF4 | $0.00 | Feb 14, 2017 | A | 710 | A | Feb 14, 2020 | Feb 14, 2027 | COMMON STOCK | 710 | 710 | D |
| EMPLOYEE STOCK OPTION (RT TO BUY)F5 | $96.30 | Feb 14, 2017 | A | 1,630 | A | Feb 14, 2018 | Feb 14, 2027 | COMMON STOCK | 1,630 | 1,630 | D |
Explanation of responses
- F1COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST, AS OF 12/31/16.
- F2INCLUDES 4,937 SHARES ACQUIRED UNDER THE ISSUER'S EMPLOYEE STOCK PURCHASE PLAN, AS WELL AS 910 AND 670 UNVESTED RESTRICTED STOCK UNITS GRANTED ON 2/10/2015 AND 2/9/2016, RESPECTIVELY, UNDER THE ISSUER'S 2008 PERFORMANCE INCENTIVE PLAN.
- F3COMMON SHARES ISSUED UPON ATTAINING PERFORMANCE GOALS SET FOR A THREE-YEAR PERIOD ENDING 12/31/2016 IN ACCORDANCE WITH THE TERMS OF A PERFORMANCE STOCK UNIT AWARD GRANTED ON 2/11/2014 UNDER THE ISSUER'S 2008 PERFORMANCE INCENTIVE PLAN; PER APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE ON 2/14/2017.
- F4RESTRICTED STOCK UNITS CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE BASIS.
- F5OPTIONS VEST IN 25% INCREMENTS OVER FOUR YEARS (02/14/2018, 02/14/2019, 02/14/2020 and 02/14/2021).
- F6COMMON SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF PERFORMANCE STOCK UNITS ON 2/14/2017. AMOUNT PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF THE SHARES ON THE DATE OF FORFEITURE.