MESA AIR GROUP INC — Director's Dealing 2003

Sep 25, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MESA AIR GROUP INC (MESA)
CIK: 0000810332
Period of Report: 2003-09-23

Reporting Person: STONE ROBERT B (Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-23	Mesa Common	M	25000	$4.88	Acquired	0	Direct
2003-09-23	Mesa Common	S	25000	$12.43	Disposed	0	Direct
2003-09-23	Mesa Common	M	5000	$4.04	Acquired	15000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-23	Stock Option (Right to Buy)	$4.88	M	25000	Acquired	2010-01-03	Mesa Common (25000)	Direct
2003-09-23	Stock Option (Right to Buy)	$4.04	M	5000	Acquired	2011-10-02	Mesa Common (5000)	Direct