ALASKA AIR GROUP, INC. — Director's Dealing 2013

Mar 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2012-11-07

Reporting Person: LOVELESS KEITH (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-07	RESTRICTED STOCK UNIT	A	4670	—	Acquired	16740	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-07	EMPLOYEE STOCK OPTION (RT TO BUY)	$38	A	3048	Acquired	2022-11-07	COMMON STOCK (3048)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	20558	Direct
COMMON STOCK ESPP	3030	Direct
COMMON STOCK 401(K)	450	Indirect

Footnotes

F1: SHARES ACQUIRED UNDER THE ALASKA AIR GROUP, INC. 2010 EMPLOYEE STOCK PURCHASE PLAN, AS OF 12/31/2012.

F2: COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST AS OF DECEMBER 31, 2012.

F3: STOCK UNITS AWARDED UNDER THE 2008 PERFORMANCE INCENTIVE EQUITY PLAN ON 11/07/2012, AND WILL CLIFF VEST ON 11/07/2015. UNITS ARE NO LONGER SUBJECT TO FORFEITURE.