SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MINICUCCI BENITO

(Last) (First) (Middle)
C/O ALASKA AIRLINES, INC.
19300 INTERNATIONAL BLVD SO

(Street)
SEATTLE WA 98188

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALASKA AIR GROUP INC [ ALK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EXEC VP/OPS AND COO
3. Date of Earliest Transaction (Month/Day/Year)
12/14/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 12/14/2009 M 1,850 A $21.05 1,850 D
COMMON STOCK 12/14/2009 M 1,639 A $23.36 1,639 D
COMMON STOCK 12/14/2009 S 3,489 D $34.541 0 D
COMMON STOCK 1,676 D
COMMON STOCK(1) 38,120 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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) $21.05 12/14/2009 M 1,850 06/04/2008(2) 06/04/2014 COMMON 1,850 $0 0 D
EMPLOYEE STOCK OPTION (RT TO BUY) $23.36 12/14/2009 M 1,639 11/06/2009(3) 11/06/2017 COMMON 1,639 $0 1,639 D
Explanation of Responses:
1. STOCK UNITS AWARDED UNDER THE 2004 LONG-TERM INCENTIVE EQUITY AND 2008 PERFORMANCE INCENTIVE PLANS; SUBJECT TO FORFEITURE.
2. OPTIONS VESTED IN EQUAL INSTALLMENTS ON JUNE 4, 2005, 2006, 2007 AND 2008.
3. OPTIONS VESTED IN 25% INSTALLMENTS ON NOVEMBER 6, 2007 AND 2008.
KAREN A. GRUEN, ATTORNEY-IN-FACT FOR BENITO MINICUCCI 12/15/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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