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SKYWEST INC Director's Dealing 2011

Feb 3, 2011

31149_dirs_2011-02-03_fae98f46-ee44-4568-b070-ad1f34ca1443.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: 2011-02-02

Reporting Person: RICH BRADFORD R (EVP and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-02 Common Stock A 11605 Acquired 61056 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-02-02 Stock Option (right to buy) $15.51 A 11727 Acquired 2018-02-02 Common Stock (11727) Direct
2011-02-02 Stock Option (right to buy) $14.49 A 23356 Acquired 2017-02-03 Common Stock (23356) Direct

Footnotes

F1: Includes 317 shares acquired under the SkyWest, Inc. Stock Purchase Plan during 2009; 548 shares acquired under the SkyWest, Inc. Stock Purchase Plan on Jan. 8, 2010; 862 shares acquired under the SkyWest, Inc. Stock Purchase Plan on Jul. 2, 2010; and 674 shares acquired under the SkyWest, Inc. Stock Purchase Plan on Jan. 7, 2011. Also includes 2,872 restricted shares that vest on Feb. 6, 2011; 9,602 restricted shares that vest on Feb. 4, 2012; and 11,557 restricted share units that vest on Feb. 3, 2013.

F2: Granted on Feb. 3, 2010, but subject to performance conditions that were met on Feb. 2, 2011.