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

Feb 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2021-02-09

Reporting Person: SPRAGUE JOSEPH A (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-09	EMPLOYEE STOCK OPTION (RT TO BUY)	$55.74	A	7260	Acquired	2031-02-09	COMMON STOCK (7260)	Direct
2021-02-09	RESTRICTED STOCK UNITS	$0	A	2900	Acquired	2031-02-09	COMMON STOCK (2900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	14108	Direct
COMMON STOCK 401(K)	7049	Indirect

Footnotes

F1: COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST, AS OF 12/31/2020.

F2: OPTIONS VEST IN 25% INCREMENTS OVER FOUR YEARS (2/9/2022, 2/9/2023, 2/9/2024 AND 2/9/2025).

F3: RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.