SKYWEST INC — Director's Dealing 2015

Nov 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2015-11-03

Reporting Person: Steel Wade J (Exec Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-03	Common Stock	S	1253	$19.29	Disposed	38126	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$13.06	2019-02-15	Common Stock (4674)	4674	Direct
Stock Option (Right to Buy)	$13.24	2020-02-13	Common Stock (4895)	4895	Direct
Stock Option (Right to Buy)	$12.10	2021-02-18	Common Stock (5429)	5429	Direct
Stock Option (Right to Buy)	$11.36	2021-05-15	Common Stock (6059)	6059	Direct
Stock Option (Right to Buy)	$13.51	2022-02-17	Common Stock (19386)	19386	Direct

Footnotes

F1: Includes 38,126 restricted stock units, of which 25,335 vest three years from the date of grant and 12,791 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: Shares sold were acquired under the SkyWest Employee Purchase Plan in during 2015.