Shane R. Tackett - Apr 30, 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: EVP FINANCE/CFO
Signature: /S/ JEANNE E GAMMON, ATTORNEY IN FACT FOR SHANE R. TACKETT
Stock symbol: ALK
Transactions as of: Apr 30, 2021
Transactions value $: -$16,251
Form type: 4
Date filed: 9/13/2021, 08:14 PM
Next filing: Nov 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Award	$4.9K	+152	+1.93%	$32.21	8.01K	Apr 30, 2021	Direct	F2
transaction	ALK	COMMON STOCK	Options Exercise	$0	+1.02K	+12.73%	$0.00	9.03K	Sep 10, 2021	Direct
transaction	ALK	COMMON STOCK	Tax liability	-$21.1K	-377	-4.17%	$56.09	8.66K	Sep 10, 2021	Direct	F3, F4
holding	ALK	COMMON STOCK 401(K)						2.81K	Apr 30, 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	-1.02K	-100%	$0.00^*	0	Sep 10, 2021	COMMON STOCK	1.02K	$0.00	Direct

* 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 ACQUIRED UNDER THE ALASKA AIR GROUP, INC. EMPLOYEE STOCK PURCHASE PLAN IN TRANSACTIONS THAT WERE EXEMPT UNDER BOTH RULE 16b-3(d) and RULE 16b-3(c).
F3	SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF RESTRICTED STOCK UNITS ON 9/10/2021.
F4	PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.