Statement of Changes in Beneficial Ownership (4)
March 26 2021 - 6:08PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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MINICUCCI BENITO |
2. Issuer Name and Ticker or Trading Symbol
ALASKA AIR GROUP, INC.
[
ALK
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
PRESIDENT,ALASKA AIRLINES |
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(Last)
(First)
(Middle)
19300 INTERNATIONAL BLVD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/25/2021 |
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(Street)
SEATTLE, WA 98188
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| COMMON STOCK | 3/25/2021 | | M(1) | | 882 | A | $24.4 | 102791 | D | |
| COMMON STOCK | 3/25/2021 | | M(1) | | 3520 | A | $38.755 | 106311 | D | |
| COMMON STOCK | 3/25/2021 | | S(2)(1) | | 14402 | D | $66.8163 (3) | 91909 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| EMPLOYEE STOCK OPTION (RT TO BUY) | $24.4 | 3/25/2021 | | M (1) | | | 882 | 2/11/2014 | 2/11/2023 | COMMON STOCK | 882 | $0 | 0 | D | |
| EMPLOYEE STOCK OPTION (RT TO BUY) | $38.755 | 3/25/2021 | | M (1) | | | 3520 | 2/11/2015 | 2/11/2024 | COMMON STOCK | 3520 | $0 | 0 | D | |
| Explanation of Responses: |
| (1) | SAME-DAY OPTION EXERCISE AND SALE EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN ADOPTED BY MR. MINICUCCI ON 2/23/2021. |
| (2) | SALE OF ALK COMMON SHARES EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN ADOPTED BY MR. MINICUCCI ON 2/23/2021. |
| (3) | THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $66.7500 TO $66.9000, INCLUSIVE. THE REPORTING PERSON UNDERTAKES TO PROVIDE TO ALASKA AIR GROUP, ANY SECURITY HOLDER OF ALASKA AIR GROUP, OR THE STAFF OF THE SECURITIES AND EXCHANGE COMMISSION, UPON REQUEST, FULL INFORMATION REGARDING THE NUMBER OF SHARES SOLD AT EACH SEPARATE PRICE WITHIN THE RANGES SET FORTH IN THIS FOOTNOTE. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
MINICUCCI BENITO
19300 INTERNATIONAL BLVD
SEATTLE, WA 98188 |
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| PRESIDENT,ALASKA AIRLINES |
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Signatures
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| /S/JEANNE E. GAMMON, ATTORNEY IN FACT FOR BENITO MINICUCCI | | 3/26/2021 |
| **Signature of Reporting Person | Date |
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