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ALASKA AIR GROUP, INC. Director's Dealing 2017

Feb 14, 2017

30935_dirs_2017-02-14_2a76ff9e-ac03-43ea-ac54-d14e0d3dcf36.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2017-02-11

Reporting Person: PEDERSEN BRANDON (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-02-11 COMMON STOCK A 5180 Acquired 21180 Direct
2017-02-11 RESTRICTED STOCK UNIT J 5180 Disposed 8180 Direct
2017-02-11 COMMON STOCK F 1727 $97.35 Disposed 19453 Direct
2017-02-13 COMMON STOCK M 1972 $38.755 Acquired 21425 Direct
2017-02-13 COMMON STOCK S 1972 $97.46 Disposed 19453 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-02-13 EMPLOYEE STOCK OPTION (RT TO BUY) $38.755 M 1972 Disposed 2024-02-11 COMMON STOCK (1972) Direct

Footnotes

F1: COMMON SHARES ACQUIRED UPON VESTING OF RESTRICTED STOCK UNITS AWARDED UNDER THE ISSUER'S 2008 PERFORMANCE INCENTIVE PLAN.

F2: FULLY VESTED RESTRICTED STOCK UNITS ISSUED IN ALASKA AIR GROUP COMMON STOCK.

F3: COMMON SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS.

F4: PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF THE SHARES ON THE DATE OF FORFEITURE.

F5: SAME-DAY EXERCISE OF OPTIONS AND SALE EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN ADOPTED BY MR. PEDERSEN ON 4/26/2016.

F6: REMAINING OPTIONS INCLUDE 472 VESTED AND 2,446 VESTING ON 02/11/2018.