SKYWEST INC — Director's Dealing 2015

Nov 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2015-11-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-10	Common Stock	M	10124	$15.24	Acquired	808036	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-10	Stock Option (Right to Buy)	$15.24	M	10124	Disposed	2016-02-04	Common Stock (10124)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect
Common Stock	508755	Indirect
Common Stock	20000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$14.49	2017-02-03	Common Stock (60282)	60282	Direct
Stock Option (Right to Buy)	$15.51	2018-02-02	Common Stock (19545)	19545	Direct
Stock Option (Right to Buy)	$13.06	2019-02-15	Common Stock (39627)	39627	Direct
Stock Option (Right to Buy)	$13.24	2020-02-13	Common Stock (32255)	32255	Direct
Stock Option (Right to Buy)	$12.10	2021-02-18	Common Stock (50570)	50570	Direct
Stock Option (Right to Buy)	$13.51	2022-02-17	Common Stock (48332)	48332	Direct

Footnotes

F1: Includes 115,514 restricted stock units, of which 83,627 vest three years from the date of grant and 31,887 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: Reflects shares held in the Doyle C. Atkin Irrevocable Trust, of which the reporting person is a trustee.

F3: Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2018.

F4: Shares held under the company 401k plan.