SKYWEST INC — Director's Dealing 2008

Dec 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2008-12-10

Reporting Person: ATKIN JERRY C (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-10	Common Stock	M	20000	$13.094	Acquired	868443	Direct
2008-12-10	Common Stock	S	20000	$15.994	Disposed	848443	Direct
2008-12-11	Common Stock	M	10000	$13.094	Acquired	858443	Direct
2008-12-11	Common Stock	S	10000	$15.731	Disposed	848443	Direct
2008-12-12	Common Stock	M	45000	$13.094	Acquired	893443	Direct
2008-12-12	Common Stock	S	45000	$15.445	Disposed	848443	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-10	Stock option	$13.094	M	20000	Disposed	2009-03-31	Common Stock (20000)	Direct
2008-12-11	Stock Option	$13.094	M	10000	Disposed	2009-03-31	Common Stock (10000)	Direct
2008-12-12	Stock Option	$13.094	M	45000	Disposed	2009-03-31	Common Stock (45000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	715415	Indirect

Footnotes

F1: Includes 5,100 restricted shares that vest on May 8, 2009, 4,940 shares that vest on February 6, 2010, and 4,940 restricted shares that vest on February 6, 2011.