Kyle B. Levine - Apr 30, 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: SR VP LEGAL
Signature: /S/JEANNE E. GAMMON, ATTORNEY IN FACT FOR KYLE B. LEVINE
Stock symbol: ALK
Transactions as of: Apr 30, 2021
Transactions value $: -$10,718
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	Award	$1.61K	+50	+0.65%	$32.21	7.75K	Apr 30, 2021	Direct	F1
transaction	ALK	COMMON STOCK	Award	$1.97K	+44	+0.57%	$44.88	7.79K	Oct 31, 2021	Direct	F2
transaction	ALK	COMMON STOCK	Options Exercise	$0	+986	+12.65%	$0.00	8.78K	Nov 5, 2021	Direct
transaction	ALK	COMMON STOCK	Tax liability	-$14.3K	-241	-2.75%	$59.35	8.54K	Nov 5, 2021	Direct	F3, F4

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	F5

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

Explanation of Responses:

Id	Content
F1	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).
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 11/05/2021.
F4	PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.
F5	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.