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

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2017-08-22

Reporting Person: SCHNEIDER ANDREA L (N/A)

Security	Shares	Ownership
COMMON STOCK	4760	Direct

Security	Exercise Price	Expiration	Underlying	Ownership
RESTRICTED STOCK UNITS	$0	2025-02-10	COMMON STOCK (800)	Direct
RESTRICTED STOCK UNITS	$0	2026-02-09	COMMON STOCK (900)	Direct
RESTRICTED STOCK UNITS	$0	2027-02-14	COMMON STOCK (780)	Direct
RESTRICTED STOCK UNITS	$0	2027-03-07	COMMON STOCK (1590)	Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$14.6425	2021-08-03	COMMON STOCK (40)	Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$24.4	2023-02-11	COMMON STOCK (1596)	Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$38.755	2024-02-11	COMMON STOCK (1540)	Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$65.37	2025-02-10	COMMON STOCK (1830)	Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$65.63	2026-02-09	COMMON STOCK (2180)	Direct
EMPLOYEE STOCK OPTION (RT TO BUY)	$96.3	2027-02-14	COMMON STOCK (1780)	Direct

F1: STOCK UNITS WILL VEST AS FOLLOWS: 529 ON 03/07/2018; 530 ON 03/07/2019; AND 531 ON 03/07/2020.

F2: 770 OPTIONS ARE VESTED; REMAINING 770 OPTIONS WILL VEST ON 02/11/2018.

F3: 915 OPTIONS ARE VESTED; THE REMAINING OPTIONS WILL VEST AS FOLLOWS: 457 ON 02/10/2018 AND 458 ON 02/10/2019.

F4: 545 OPTIONS ARE VESTED; THE REMAINING OPTIONS WILL VEST AS FOLLOWS: 545 ON 02/09/2018; 545 ON 02/09/2019; AND 545 ON 02/09/2020.

F5: OPTIONS WILL VEST AS FOLLOWS: 445 ON 02/14/2018; 445 ON 02/14/2019; 445 ON 02/14/2020; AND 445 ON 02/14/2021.