ALASKA AIR GROUP, INC. — Director's Dealing 2016

Aug 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2016-08-26

Reporting Person: ELIASEN MARK G (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-26	COMMON STOCK	S	4560	$68.19	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK ESPP	5302	Direct
COMMON STOCK 401(K)	783	Indirect
RESTRICTED STOCK UNIT	3040	Direct

Footnotes

F1: COMMON SHARES ACQUIRED UNDER THE ALASKA AIR GROUP, INC. 2010 EMPLOYEE STOCK PURCHASE PLAN AS OF 2/29/2016.

F2: COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST, AS OF 12/31/15.

F3: STOCK UNITS AWARDED UNDER ALASKA AIR GROUP'S 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.

F4: SALE EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN ADOPTED BY MR. ELIASEN ON 11/23/2015.