Joseph A. Sprague - 05 Nov 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
Issuer symbol
ALK
Transactions as of
05 Nov 2021
Net transactions value
-$30,684
Form type
4
Filing time
08 Nov 2021, 16:42:30 UTC
Next filing
09 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +986 +7% $0.000000 15,094 05 Nov 2021 Direct
transaction ALK COMMON STOCK Tax liability $14,303 -241 -1.6% $59.35 14,853 05 Nov 2021 Direct F2, F3
transaction ALK COMMON STOCK Options Exercise $0 +1,130 +7.6% $0.000000 15,983 07 Nov 2021 Direct
transaction ALK COMMON STOCK Tax liability $16,381 -276 -1.7% $59.35 15,707 07 Nov 2021 Direct F3, F5
holding ALK COMMON STOCK 401(K) 7,049 05 Nov 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% $0.000000 1,974 05 Nov 2021 COMMON STOCK 986 $0.000000 Direct F4
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -1,130 -50% $0.000000 1,131 07 Nov 2021 COMMON STOCK 1,130 $0.000000 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.