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SKYWEST INC Director's Dealing 2011

May 23, 2011

31149_dirs_2011-05-23_753ae740-1ae8-4091-95ea-12d4da1cf68f.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2011-05-11

Reporting Person: Kraupp Michael J. (CFO and Treasurer)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 13300.54 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (Rights to Buy) $26.24 2012-02-05 Common Stock (14190) Direct
Stock Options (Rights to Buy) $26.24 2012-02-05 Common Stock (3810) Direct
Stock Options (Rights to Buy) $17.11 2015-02-01 Common Stock (30156) Direct
Stock Options (Rights to Buy) $17.11 2015-02-01 Common Stock (5844) Direct
Stock Options (Rights to Buy) $23.8 2013-05-02 Common Stock (8500) Direct
Stock Options (Rights to Buy) $26.84 2014-02-06 Common Stock (8451) Direct
Stock Options (Rights to Buy) $25.8 2015-02-06 Common Stock (8451) Direct
Stock Options (Rights to Buy) $15.24 2016-02-04 Common Stock (15531) Direct
Stock Options (Rights to Buy) $14.49 2017-02-03 Common Stock (12692) Direct
Stock Options (Rights to Buy) $15.51 2018-02-02 Common Stock (12185) Direct

Footnotes

F1: Of these shares, 3,883 are Restricted Shares that were granted on 2/4/2009, 4,187 are Restricted Stock Units that were granted on 2/3/2010, 4,020 are Restricted Stock Units that were granted on 2/2/2011, and 1,210.54 are shares acquired under SkyWest Inc.'s employee stock purchase plan.