Joseph A. Sprague - Nov 5, 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
PRESIDENT, HORIZON AIR
Signature
/S/ JEANNE E GAMMON, ATTORNEY-IN-FACT FOR JOSEPH A. SPRAGUE
Stock symbol
ALK
Transactions as of
Nov 5, 2021
Transactions value $
-$30,684
Form type
4
Date filed
11/8/2021, 04:42 PM
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 +986 +6.99% $0.00 15.1K Nov 5, 2021 Direct
transaction ALK COMMON STOCK Tax liability -$14.3K -241 -1.6% $59.35 14.9K Nov 5, 2021 Direct F2, F3
transaction ALK COMMON STOCK Options Exercise $0 +1.13K +7.61% $0.00 16K Nov 7, 2021 Direct
transaction ALK COMMON STOCK Tax liability -$16.4K -276 -1.73% $59.35 15.7K Nov 7, 2021 Direct F3, F5
holding ALK COMMON STOCK 401(K) 7.05K Nov 5, 2021 ESOP TRUST F1

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 -986 -33.31% $0.00 1.97K Nov 5, 2021 COMMON STOCK 986 $0.00 Direct F4
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -1.13K -49.98% $0.00 1.13K Nov 7, 2021 COMMON STOCK 1.13K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST, AS OF 12/31/2020.
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.
F5 SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS ON 11/07/2021.
F6 RESTRICTED STOCK UNITS REMAINING FOLLOWING THIS TRANSACTION WILL VEST ON 11/07/2022.