Kyle B. Levine - Feb 7, 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
SVP LEGAL & GEN COUNSEL
Signature
/s/JEANNE E. GAMMON, ATTORNEY IN FACT FOR KYLE B. LEVINE
Stock symbol
ALK
Transactions as of
Feb 7, 2022
Transactions value $
-$9,909
Form type
4
Date filed
2/9/2022, 04:08 PM
Previous filing
Nov 8, 2021
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Award $0 +735 +8.61% $0.00 9.27K Feb 7, 2022 Direct F1
transaction ALK COMMON STOCK Tax liability -$9.91K -179 -1.93% $55.36 9.09K Feb 7, 2022 Direct F2, F3

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 Award $0 +3.25K $0.00 3.25K Feb 7, 2022 COMMON STOCK 3.25K $0.00 Direct F4
transaction ALK EMPLOYEE STOCK OPTION (RT TO BUY) Award $0 +7.71K $0.00 7.71K Feb 7, 2022 COMMON STOCK 7.71K $55.36 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 COMMON SHARES ISSUED UPON ATTAINING PERFORMANCE GOALS SET FOR A THREE-YEAR PERIOD ENDING 12/31/21 IN ACCORDANCE WITH THE TERMS OF A PERFORMANCE STOCK UNIT AWARD GRANTED ON 2/14/2019 UNDER THE ISSUER'S 2016 PERFORMANCE INCENTIVE PLAN; PER APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE ON 2/7/2022.
F2 SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF PERFORMANCE STOCK UNITS ON 2/7/2022.
F3 PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.
F4 RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
F5 OPTIONS VEST IN 25% INCREMENTS OVER FOUR YEARS (2/7/2023, 2/7/2024, 2/7/2025 AND 2/7/2026).