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SKYWEST INC — Director's Dealing 2015
Feb 18, 2015
31149_dirs_2015-02-18_7de676bf-31eb-4cc5-aa5c-1d547e349668.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: 2015-02-17
Reporting Person: ATKIN JERRY C (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-17 | Common Stock | F | 7250 | $13.80 | Disposed | 806374 | Direct |
| 2015-02-17 | Common Stock | A | 63774 | — | Acquired | 806374 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-17 | Stock Option (Right to Buy) | $13.51 | A | 48332 | Acquired | 2022-02-17 | Common Stock (48332) | 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) | $15.24 | 2016-02-04 | Common Stock (99124) | 99124 | Direct |
| 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 |
Footnotes
F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions of prices that ranged from $13.70 to $13.95, 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.
F2: 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.
F3: Reflects shares held in the Doyle C. Atkin Irrevocable Trust, of which the reporting person is a trustee.
F4: Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2018.
F5: Shares held under the company 401k plan.