SKYWEST INC — Director's Dealing 2016

Sep 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2016-08-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-31	Common Stock	M	5739	$13.51	Acquired	62744	Direct
2016-08-31	Common Stock	S	4403	$28.50	Disposed	58341	Direct
2016-08-31	Common Stock	M	4582	$13.24	Acquired	62923	Direct
2016-08-31	Common Stock	S	3496	$28.5	Disposed	59427	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-31	Stock Option (Right to Buy)	$13.24	M	4582	Disposed	2020-02-13	Common Stock (4582)	Direct
2016-08-31	Stock Option (Right to Buy)	$13.51	M	5739	Disposed	2022-02-17	Common Stock (5739)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3057	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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)	$14.78	2023-02-10	Common stock (16244)	16244	Direct

Footnotes

F1: Includes 52,786 restricted stock units, of which 30,595 vest three years from the date of grant and 22,191 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: Stock Options become exercisable in equal annual installments of 33.33% starting February 10, 2017.