SKYWEST INC — Director's Dealing 2012

Dec 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2012-12-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-05	Common Stock	M	55240	$10.57	Acquired	952908	Direct
2012-12-05	Common Stock	S	55240	$11.5236	Disposed	897668	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-05	Stock Option	$10.57	M	55240	Disposed	2013-02-04	Common Stock (55240)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	708755	Indirect

Footnotes

F1: Includes 24,751 shares acquired under the SkyWest, Inc. Stock Purchase Plan. Also includes 19,886 restricted share units that vest on Feb. 3, 2013; 19,342 restricted share units that vest on Feb. 2, 2014; and 26,799 restricted share units that vest on Feb. 15, 2015.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices that range from $11.45 to 11.63, inclusive. The reporting person undertakes to provide to SkyWest, Inc., any security holder of SkyWest, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.