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SKYWEST INC Director's Dealing 2015

Nov 12, 2015

31149_dirs_2015-11-12_6593a89d-d2af-47c5-8ed5-977631404e00.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: 2015-11-09

Reporting Person: Thompson Michael B (Chief Operating Officer of Sub)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-11-09 Common Stock M 10289 $15.24 Acquired 45532 Direct
2015-11-09 Common Stock M 3035 $14.49 Acquired 48567 Direct
2015-11-09 Common Stock S 13324 $19.53 Disposed 35243 Direct
2015-11-10 Common Stock M 5494 $14.49 Acquired 40737 Direct
2015-11-10 Common Stock M 8172 $15.51 Acquired 48909 Direct
2015-11-10 Common Stock M 4464 $13.06 Acquired 53373 Direct
2015-11-10 Common Stock S 18130 $19.59 Disposed 35243 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-11-09 Stock Option (Right to Buy) $15.24 M 10289 Disposed 2016-02-04 Common Stock (10289) Direct
2015-11-09 Stock Option (Right to Buy) $14.49 M 3035 Disposed 2017-02-03 Common Stock (3035) Direct
2015-11-10 Stock Option (Right to Buy) $14.49 M 5494 Disposed 2017-02-03 Common Stock (5494) Direct
2015-11-10 Stock Option (Right to Buy) $15.51 M 8172 Disposed 2018-02-02 Common Stock (8172) Direct
2015-11-10 Stock Option (Right to Buy) $13.06 M 4464 Disposed 2019-02-15 Common Stock (4464) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3616 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $13.24 2020-02-13 Common Stock (4582) 4582 Direct
Stock Option (Right to Buy) $12.10 2021-02-18 Common Stock (5051) 5051 Direct
Stock Option (Right to Buy) $11.36 2021-05-15 Common Stock (5868) 5868 Direct
Stock Option (Right to Buy) $13.51 2022-02-17 Common Stock (17391) 17391 Direct

Footnotes

F1: Includes 34,816 restricted stock units, of which 23,342 vest three years from the date of grant and 11,474 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.

F3: Shares held under the company 401k plan.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions of prices that ranged from $19.50 to $19.60, 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.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions of prices that ranged from $19.50 to $19.68, 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.