Benito Minicucci - Nov 5, 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
PRES AND CEO, AIR GROUP
Signature
/S/JEANNE E. GAMMON, ATTORNEY IN FACT FOR BENITO MINICUCCI
Stock symbol
ALK
Transactions as of
Nov 5, 2021
Transactions value $
-$207,250
Form type
4
Date filed
11/8/2021, 04:42 PM
Previous filing
Oct 4, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +3.94K +4.28% $0.00 96K Nov 5, 2021 Direct
transaction ALK COMMON STOCK Options Exercise $0 +4.93K +5.14% $0.00 101K Nov 5, 2021 Direct
transaction ALK COMMON STOCK Tax liability -$92.1K -1.55K -1.54% $59.35 99.3K Nov 5, 2021 Direct F2, F3
transaction ALK COMMON STOCK Tax liability -$115K -1.94K -1.95% $59.35 97.4K Nov 5, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -3.94K -20% $0.00 15.8K Nov 5, 2021 COMMON STOCK 3.94K $0.00 Direct F1
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -4.93K -33.33% $0.00 9.86K Nov 5, 2021 COMMON STOCK 4.93K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.