ALASKA AIR GROUP, INC. — Director's Dealing 2017

Dec 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2017-12-14

Reporting Person: Hunt Peter D (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-14	RESTRICTED STOCK UNITS	$0	A	13642	Acquired	2020-12-14	COMMON STOCK (13642)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	11288	Direct

Footnotes

F1: TOTAL HELD IN COLUMN 5 INCLUDES 11,288 UNVESTED RESTRICTED STOCK UNITS GRANTED ON 12/14/2016 UNDER THE ISSUER'S 2016 PERFORMANCE INCENTIVE PLAN (PREVIOUSLY REPORTED ON TABLE 1 COLUMN AS RESTRICTED STOCK UNITS).

F2: 50% OF THE RESTRICTED STOCK UNITS ARE SCHEDULED TO VEST ON 6/14/2018; THE REMAINING 50% ARE SCHEDULED TO VEST IN SIX SUBSTANTIALLY EQUAL MONTHLY INSTALLMENTS AFTER 6/14/2018.