SKYWEST INC — Director's Dealing 2008

Dec 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2008-12-15

Reporting Person: RICH BRADFORD R (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-15	Common Stock	M	12300	$13.094	Acquired	43735	Direct
2008-12-15	Common Stock	S	12300	$15.586	Disposed	31435	Direct
2008-12-16	Common Stock	M	71700	$13.094	Acquired	103135	Direct
2008-12-16	Common Stock	S	71700	$15.822	Disposed	31435	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-15	Stock Option	$13.094	M	12300	Disposed	2009-03-31	Common Stock (12300)	Direct
2008-12-16	Stock Option	$13.094	M	71700	Disposed	2009-03-31	Common Stock (71700)	Direct

Footnotes

F1: Includes 4,821 shares in section 423 employee stock purchase plan, 3000 restricted shares that vest on May 8, 2009; 2872 restricted shares that vest on February 6, 2010; and 2872 restricted shares that vest on February 6, 2011.