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

Apr 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2016-04-26

Reporting Person: PEDERSEN BRANDON (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-26	COMMON STOCK	M	3652	$19	Acquired	41132	Direct
2016-04-26	COMMON STOCK	M	1254	$24.4	Acquired	42386	Direct
2016-04-26	COMMON STOCK	F	933	$74.35	Disposed	41453	Direct
2016-04-26	COMMON STOCK	F	411	$74.35	Disposed	41042	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-26	EMPLOYEE STOCK OPTION (RT TO BUY)	$19	M	3652	Disposed	2022-02-14	COMMON STOCK (3652)	Direct
2016-04-26	EMPLOYEE STOCK OPTION (RT TO BUY)	$24.4	M	1254	Disposed	2023-02-11	COMMON STOCK (1254)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
RESTRICTED STOCK UNIT	13360	Direct

Footnotes

F1: STOCK UNITS AWARDED UNDER THE 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.