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SKYWEST INC Director's Dealing 2011

Feb 3, 2011

31149_dirs_2011-02-03_0713e79e-a0b6-468c-af32-f1777787ae34.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: Childs Russell A (President of Subsidiary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-02 common stock A 9826 Acquired 34793 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-02-02 Stock Options (right to buy) $14.49 A 20686 Acquired 2017-02-03 Common Stock (20686) Direct
2011-02-02 Stock Options (right to buy) $15.51 A 9929 Acquired 2018-02-02 Common stock (9929) Direct

Footnotes

F1: Includes 2,512 restricted shares that vest on Feb. 6, 2011; 8,504 restricted shares that vest on Feb. 4, 2012; and 10,236 restricted share units that vest on Feb. 3, 2013.

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