BENITO MINICUCCI - 05 Nov 2021 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
PRES AND CEO, AIR GROUP
Signature
/S/JEANNE E. GAMMON, ATTORNEY IN FACT FOR BENITO MINICUCCI
Issuer symbol
ALK
Transactions as of
05 Nov 2021
Transactions value $
-$207,250
Form type
4
Filing time
08 Nov 2021, 16:42:21 UTC
Previous filing
04 Oct 2021
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 +3.94K +4.28% $0.00 96K 05 Nov 2021 Direct
transaction ALK COMMON STOCK Options Exercise $0 +4.93K +5.14% $0.00 101K 05 Nov 2021 Direct
transaction ALK COMMON STOCK Tax liability -$92.1K -1.55K -1.54% $59.35 99.3K 05 Nov 2021 Direct F2, F3
transaction ALK COMMON STOCK Tax liability -$115K -1.94K -1.95% $59.35 97.4K 05 Nov 2021 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 Options Exercise $0 -3.94K -20% $0.00 15.8K 05 Nov 2021 COMMON STOCK 3.94K $0.00 Direct F1
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -4.93K -33.33% $0.00 9.86K 05 Nov 2021 COMMON STOCK 4.93K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RESTRICTED STOCK UNITS VEST ANNUALLY IN 20% INSTALLMENTS ON THE FIRST FIVE ANNIVERSARIES OF THE GRANT DATE AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
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.