ALASKA AIR GROUP, INC. — Director's Dealing 2021

Nov 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2021-11-05

Reporting Person: MINICUCCI BENITO (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-05	COMMON STOCK	M	3942	—	Acquired	95960	Direct
2021-11-05	COMMON STOCK	M	4930	—	Acquired	100890	Direct
2021-11-05	COMMON STOCK	F	1552	$59.35	Disposed	99338	Direct
2021-11-05	COMMON STOCK	F	1940	$59.35	Disposed	97398	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-05	RESTRICTED STOCK UNITS	$0	M	3942	Disposed	2030-11-05	COMMON STOCK (3942)	Direct
2021-11-05	RESTRICTED STOCK UNITS	$0	M	4930	Disposed	2030-11-05	COMMON STOCK (4930)	Direct

Footnotes

F1: RESTRICTED STOCK UNITS VEST ANNUALLY IN 20% INSTALLMENTS ON THE FIRST FIVE ANNIVERSARIES OF THE GRANT DATE AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.

F2: SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS ON 11/05/2021.

F3: PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.

F4: RESTRICTED STOCK UNITS VEST ANNUALLY IN EQUAL INSTALLMENTS ON THE FIRST THREE ANNIVERSARIES OF THE GRANT DATE AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.