Shane R. Tackett - 31 Oct 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
Issuer symbol: ALK
Transactions as of: 31 Oct 2021
Net transactions value: -$71,727
Form type: 4
Filing time: 08 Nov 2021, 16:49:18 UTC
Previous filing: 13 Sep 2021
Next filing: 12 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Award	$5,071	+113	+1.3%	$44.88	8,770	31 Oct 2021	Direct	F2
transaction	ALK	COMMON STOCK	Options Exercise	$0	+3,286	+37%	$0.000000	12,056	05 Nov 2021	Direct
transaction	ALK	COMMON STOCK	Tax liability	$76,799	-1,294	-11%	$59.35	10,762	05 Nov 2021	Direct	F3, F4
holding	ALK	COMMON STOCK 401(K)						2,807	31 Oct 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	-3,286	-33%	$0.000000	6,574	05 Nov 2021	COMMON STOCK	3,286	$0.000000	Direct	F5

* 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 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.