Diedre Williams - Jun 17, 2021 Form 4 Insider Report for ALASKA COMMUNICATIONS SYSTEMS GROUP INC (ALSK)

Role: SVP, Operations
Signature: /s/ Tiffany Hoogerhyde by power of attorney for Diedre Williams
Stock symbol: ALSK
Transactions as of: Jun 17, 2021
Transactions value $: -$7,845
Form type: 4
Date filed: 6/21/2021, 05:42 PM
Previous filing: Jun 16, 2021
Next filing: Jul 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALSK	Common stock, par value $.01	Options Exercise	$0	+9.67K	+8.72%	$0.00	121K	Jun 17, 2021	Direct
transaction	ALSK	Common stock, par value $.01	Tax liability	-$7.85K	-2.36K	-1.95%	$3.33	118K	Jun 17, 2021	Direct

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	ALSK	Restricted Stock Units	Options Exercise	$0	-9.67K	-33.33%	$0.00	19.3K	Jun 17, 2021	Common Stock	9.67K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock unit award under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan.
F2	Restricted stock unit award granted under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan scheduled to vest in three equal annual installments beginning on the first company business day on or after June 17, 2021, subject to continued employment.