SKYWEST INC — Director's Dealing 2016

Aug 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2016-08-12

Reporting Person: Steel Wade J (Chief Commercial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-12	Common Stock	M	4895	$13.24	Acquired	67896	Direct
2016-08-12	Common Stock	M	6397	$13.51	Acquired	74293	Direct
2016-08-12	Common Stock	S	9292	$28.56	Disposed	65001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-12	Stock Option (Right to Buy)	$13.24	M	4895	Disposed	2020-02-13	Common Stock (4895)	Direct
2016-08-12	Stock Option (Right to Buy)	$13.51	M	6397	Disposed	2022-02-17	Common Stock (19386)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	582	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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)	$14.78	2023-02-10	Common Shares (20674)	20674	Direct

Footnotes

F1: Includes 61,705 restricted stock units, of which 35,274 vest three years from the date of grant and 26,431 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 on February 10, 2017.