Alaska Airlines and Horizon Air 2007 Annual Report Download - page 34

The following table sets forth, for each of the Company’s equity compensation plans, the number of
shares of common stock subject to outstanding options and other rights, the weighted-average exercise
price of outstanding options, and the number of shares remaining available for future award grants as
of December 31, 2007.
Plan category
Number of shares
of Common Stock
to be issued upon
exercise of
outstanding options
and rights
Weighted-average
exercise price of
outstanding
options
Number of shares of
Common Stock remaining
available for future
issuance under equity
compensation plans
(excluding
shares reflected
in the first column)
Equity compensation plans approved by
stockholders 2,497,584(1) $32.34(2) 1,054,110(3)
Equity compensation plans not approved by
stockholders(4) 448,995 $34.18 N/A
Total 2,946,579 $32.67 1,054,110
(1) Of these shares, 726,518 were subject to options then outstanding under the 2004 Plan, and 440,796 were
subject to outstanding restricted and performance stock unit awards granted under the 2004 Plan. In addition,
1,151,248 shares were subject to options then outstanding under the 1999 LTIP, 169,022 shares were
subject to options then outstanding under the 1996 LTIP, and 10,000 shares were subject to options then
outstanding under the 1988 Plan. No new award of grants may be made under the 1999 LTIP, the 1996 LTIP
or the 1988 Plan.
(2) This number does not reflect the 440,796 shares that were subject to outstanding stock unit awards granted
under the 2004 Plan.
(3) This number is presented after giving effect to purchases under the ESPP for the purchase period that ended
November 30, 2007. Of the aggregate number of shares that remained available for future issuance, 684,830
shares were available under the 2004 Plan, and 369,280 shares were available under the ESPP. No new
awards will be granted under the 2004 Plan if stockholders approve the 2008 Plan. This table does not reflect
the 2,100,000 additional shares that will be available under the 2008 Plan if stockholders approve the 2008
Plan proposal.
(4) All of these shares were subject to options then outstanding under the 1997 Plan. No new award of grants
may be made under the 1997 Plan.
1997 Non-Officer Long-Term Incentive
Equity Plan
The 1997 Plan terminated on November 3,
2002 and no further awards may be granted
under the plan. Awards granted before that date
remain outstanding in accordance with their
terms. Employees of the Company who were not
officers or non-employee directors were eligible
for award of grants under the 1997 Plan. The
1997 Plan is administered by the Compensation
Committee. The Committee has broad discretion
authority to construe and interpret the plan. No
award or any interest in any award granted under
the 1997 Plan may be transferred in any
manner, other than by will or the laws of descent
and distribution, except as otherwise provided by
the Committee.
Vote Required and Recommendation of the
Board of Directors
The Board of Directors believes that the
adoption of the 2008 Plan will promote the
interests of the Company and its stockholders
and will help the Company and its subsidiaries
continue to be able to attract, retain and reward
persons important to our success.
All members of our Board of Directors and
all of our executive officers are eligible for
awards under the 2008 Plan and thus have a
personal interest in the approval of the 2008
Plan.
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