SKYWEST INC — Director's Dealing 2015

Dec 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2015-11-27

Reporting Person: Vais Terry (Chief Commercial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-27	Common Stock	M	7000	$14.49	Acquired	24260	Direct
2015-11-27	Common Stock	S	7000	$21.00	Disposed	17260	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-27	Stock Option (right to buy)	$14.49	M	7000	Disposed	2017-02-03	Common Stock (7000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$15.51	2018-02-02	Common Stock (8683)	8683	Direct
Stock Option (right to buy)	$13.06	2019-02-15	Common Stock (4796)	4796	Direct
Stock Option (right to buy)	$13.24	2020-02-13	Common Stock (4847)	4847	Direct
Stock Option (right to buy)	$12.1	2021-02-18	Common Stock (5515)	5515	Direct
Stock Option (right to buy)	$13.51	2022-02-17	Common Stock (7037)	7037	Direct

Footnotes

F1: Includes 17,260 restricted stock units, of which 12,618 vest three years from the date of grant and 4,642 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, 2016.