SEC Form 4 · accession 0001246360-18-002168

ALASKA AIR GROUP, INC. · ALK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP STRATEGY/PLNG

Period of report

Aug 31, 2018

Accepted (ET)

Sep 11, 2018 · 6:49 pm EDT

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	Aug 31, 2018	A	68	$54.9525	A	8,238	D
COMMON STOCK^F3	Sep 7, 2018	S	3,000	$66.8138	D	5,238	D
COMMON STOCK 401(K)^F1	holding	—	—		—	2,807	I	ESOP TRUST

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
RESTRICTED STOCK UNITS^F4	$0.00	Sep 10, 2018	A	1,020	A	Sep 10, 2021	Sep 10, 2028	COMMON STOCK	1,020	1,020	D
EMPLOYEE STOCK OPTION (RT TO BUY)^F5	$68.15	Sep 10, 2018	A	3,770	A	Sep 10, 2019	Sep 10, 2028	COMMON STOCK	3,770	3,770	D

F1COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST AS OF 12/31/2017.
F2THESE SHARES WERE ACQUIRED UNDER THE ALASKA AIR GROUP, INC. EMPLOYEE STOCK PURCHASE PLAN IN TRANSACTIONS THAT WERE EXEMPT UNDER BOTH RULE 16b-3(d) and RULE 16b-3(c).
F3THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $66.8250 TO $66.8138, 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.
F4RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
F5OPTIONS WILL VEST IN 25% INCREMENTS OVER FOUR YEARS AS FOLLOWS: 942 ON 9/10/2019; 943 ON 9/10/2020; 942 ON 9/10/2021; AND 943 ON 9/10/2022.