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

Feb 14, 2017

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: LEVINE KYLE B (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-11	COMMON STOCK	A	4140	—	Acquired	5843	Direct
2017-02-11	RESTRICTED STOCK UNIT	J	4140	—	Disposed	1380	Direct
2017-02-11	COMMON STOCK	F	1133	$97.35	Disposed	4710	Direct
2017-02-13	COMMON STOCK	S	1703	$97.6542	Disposed	3007	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK ESPP	39	Direct

Footnotes

F1: SHARES ACQUIRED UNDER ALASKA AIR GROUP'S 2010 EMPLOYEE STOCK PURCHASE PLAN THAT ARE EXEMPT UNDER BOTH RULE 16b-3(d) and RULE 16b-3(c).

F2: COMMON SHARES ACQUIRED UPON VESTING OF RESTRICTED STOCK UNITS AWARDED UNDER THE ISSUER'S 2008 PERFORMANCE INCENTIVE PLAN.

F3: FULLY VESTED RESTRICTED STOCK UNITS ISSUED IN ALASKA AIR GROUP COMMON STOCK.

F4: COMMON SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS.

F5: PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF THE SHARES ON THE DATE OF FORFEITURE.