SKYWEST INC — Director's Dealing 2016

Jun 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2016-06-07

Reporting Person: Vais Terry (Chief Operating Officer - Sub)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-07	Common Stock	M	8683	$15.51	Acquired	53985	Direct
2016-06-07	Common Stock	M	2322	$15.51	Acquired	56307	Direct
2016-06-07	Common Stock	S	5502	$25.00	Disposed	50805	Direct
2016-06-07	Common Stock	S	808	$25.04	Disposed	49997	Direct
2016-06-07	Common Stock	S	3252	$25.00	Disposed	46745	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-07	Stock Option (right to buy)	$15.51	M	8683	Disposed	2018-02-02	Common Stock (8683)	Direct
2016-06-07	Stock Option (right to buy)	$13.51	M	2322	Disposed	2022-02-17	Common Stock (7037)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$12.1	2021-02-18	Common Stock (5515)	5515	Direct
Stock Options (Right to Buy)	$14.78	2023-02-10	Common Stock (17721)	17721	Direct
Stock Option (Right to Buy)	$17.25	2022-09-08	Common Stock (3381)	3381	Direct

Footnotes

F1: Includes 41,373 restricted stock units, of which 22,809 vest three years from the date of grant and 18,564 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: Stock Options become exercisable in equal annual installments of 33.33% starting on September 8, 2016.

F4: Stock Options become exercisable in equal annual installments of 33.33% starting on February 10, 2017.