ALASKA AIR GROUP, INC. — Director's Dealing 2012

Mar 13, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ALASKA AIR GROUP INC (ALK)
CIK: 0000766421
Period of Report: 2012-03-12

Reporting Person: SPRAGUE JOSEPH A (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	6022	Direct
COMMON STOCK 401(K)	1621	Indirect
RESTRICTED STOCK UNIT	7460	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
EMPLOYEE STOCK OPTION (RT TO BUY)	$32.96	2015-08-30	COMMON STOCK (1875)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$37.96	2016-09-13	COMMON STOCK (2200)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$42.85	2017-01-31	COMMON STOCK (1910)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$27.4	2017-06-14	COMMON STOCK (1156)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$27.49	2018-02-08	COMMON STOCK (5050)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$18.19	2018-04-23	COMMON STOCK (5490)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$27.56	2019-01-29	COMMON STOCK (6590)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$33.26	2020-02-03	COMMON STOCK (2300)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$61.3	2021-02-07	COMMON STOCK (2200)		Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$76	2022-02-14	COMMON STOCK (1950)		Direct

Footnotes

F1: SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST AS OF MARCH 5, 2012.

F2: STOCK UNITS AWARDED UNDER ALASKA AIR GROUP'S 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.

F3: OPTIONS GRANTED WILL VEST IN EQUAL INSTALLMENTS OVER FOUR YEARS BEGINNING ON THE FIRST ANNIVERSARY OF THE GRANT DATE.