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SKYWEST INC Director's Dealing 2009

Feb 5, 2009

31149_dirs_2009-02-05_1e6e4894-821a-449b-9a42-97bd5a81ff44.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2009-02-04

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-02-04 Common A 16521 Acquired 860905 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-02-04 Option (Right to purchase) $15.24 A 99124 Acquired 2016-02-04 Common (99124) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common 715415 Indirect

Footnotes

F1: 16,521 restricted shares granted on February 4, 2009, pursuant to the 2006 long-term incentive plan, that vest in three years from date of grant.

F2: Includes 5100 restricted shares that vest on May 8, 2009; 4940 restricted shares that vest on February 6, 2010; 4940 restricted shares that vest on February 6, 2011; and 16,521 restricted shares that vest on February 4, 2012.