SKYWEST INC — Director's Dealing 2016

Feb 12, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2015-09-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-10	Common Stock	A	23382	—	Acquired	45104	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-10	Stock Options (Right to Buy)	$14.78	A	17721	Acquired	2023-02-10	Common Stock (17721)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$15.51	2018-02-02	Common Stock (8683)	8683	Direct
Stock Option (right to buy)	$13.06	2019-02-15	Common Stock (4796)	4796	Direct
Stock Option (right to buy)	$13.24	2020-02-13	Common Stock (4847)	4847	Direct
Stock Option (right to buy)	$12.1	2021-02-18	Common Stock (5515)	5515	Direct
Stock Option (right to buy)	$13.51	2022-02-17	Common Stock (7037)	7037	Direct
Stock Option (Right to Buy)	$17.25	2022-09-08	Common Stock (3381)	3381	Direct

Footnotes

F1: Includes 45,104 restricted stock units, of which 26,540 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.