SKYWEST INC — Director's Dealing 2016

Jun 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2016-06-24

Reporting Person: ATKIN JERRY C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-24	Common Stock	M	10000	$14.49	Acquired	774256	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-24	Stock Option (Right to Buy)	$14.49	M	10000	Disposed	2017-02-03	Common Stock (10000)	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)	$15.51	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
Stock Option (Right to Buy)	$13.51	2022-02-17	Common Stock (48332)	48332	Direct

Footnotes

F1: Includes 91,128 restricted stock units, of which 59,241 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.

F2: Reflects shares held in the Doyle C. Atkin Irrevocable Trust, of which the reporting person is a trustee.

F3: Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2016.

F4: Shares held under the company 401k plan.