Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
TILDEN BRADLEY D
  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
_____ Officer (give title below) _____ Other (specify below)
PRESIDENT AND CEO
(Last)
(First)
(Middle)
19300 INTERNATIONAL BLVD
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2013
(Street)

SEATTLE, WA 98188
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 401(K) (1)               7,602 I ESOP TRUST
RESTRICTED STOCK UNIT (2)               30,990 D  
COMMON STOCK 07/17/2013   M(3)   6,034 A $ 18.98 117,361 D  
COMMON STOCK 07/17/2013   M(3)   13,700 A $ 13.745 131,061 D  
COMMON STOCK 07/17/2013   S(3)   19,734 (4) D $ 61.3317 111,327 D  
COMMON STOCK 07/18/2013   M(3)   2,668 A $ 13.78 113,995 D  
COMMON STOCK 07/18/2013   M(3)   17,066 A $ 18.98 131,061 D  
COMMON STOCK 07/18/2013   S(3)   19,734 D $ 62 111,327 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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) $ 18.98 07/17/2013   M(3)     6,034 09/13/2007 09/13/2016 COMMON STOCK 6,034 $ 0 17,066 D  
EMPLOYEE STOCK OPTION (RT TO BUY) $ 13.745 07/17/2013   M(3)     13,700 02/08/2009 02/08/2018 COMMON STOCK 13,700 $ 0 0 D  
EMPLOYEE STOCK OPTION (RT TO BUY) $ 13.78 07/18/2013   M(3)     2,668 01/29/2010 01/29/2019 COMMON STOCK 2,668 $ 0 39,470 D  
EMPLOYEE STOCK OPTION (RT TO BUY) $ 18.98 07/18/2013   M(3)     17,066 09/13/2007 09/13/2016 COMMON STOCK 17,066 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TILDEN BRADLEY D
19300 INTERNATIONAL BLVD
SEATTLE, WA 98188
      PRESIDENT AND CEO  

Signatures

 /s/ JEANNE E GAMMON, ATTORNEY IN FACT FOR BRADLEY D TILDEN   07/19/2013
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) COMMON SHARES HELD IN THE ALASKA AIR GROUP INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST AS OF DECEMBER 31, 2012.
(2) STOCK UNITS AWARDED UNDER THE ISSUER'S 2008 PERFORMANCE INCENTIVE PLAN; SUBJECT TO FORFEITURE.
(3) SAME-DAY EXERCISE OF OPTIONS AND SALE EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN ADOPTED BY MR. TILDEN ON 6/6/13.
(4) THE PRICE REPORTED IN COLUMN 4 IS A WEIGHTED AVERAGE PRICE. THESE SHARES SOLD IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $61.00 TO $61.94, 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.

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