SKYWEST INC — Director's Dealing 2015

Dec 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2015-11-23

Reporting Person: Childs Russell A (President SkyWest, Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-23	Common Stock	S	5541	$21.26	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	96816	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$14.49	2017-02-03	Common Stock (31029)	31029	Direct
Stock Option (Right to Buy)	$15.51	2018-02-02	Common Stock (9929)	9929	Direct
Stock Option (Right to Buy)	$13.06	2019-02-15	Common Stock (22979)	22979	Direct
Stock Option (Right to Buy)	$13.24	2020-02-13	Common Stock (16389)	16389	Direct
Stock Option (Right to Buy)	$12.10	2021-02-18	Common Stock (18054)	18054	Direct
Stock Option (Right to Buy)	$11.36	2021-05-15	Common Stock (4687)	4687	Direct
Stock Option (Right to Buy)	$13.51	2022-02-17	Common Stock (37023)	37023	Direct

Footnotes

F1: Includes 78,747 restricted stock units, of which 54,321 vest three years from the date of grant and 24,426 vest upon achievement of performance measurements three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.

F2: Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2018.

F3: Shares held under the company 401k plan.