SKYWEST INC — Director's Dealing 2016

Feb 11, 2016

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2015-12-31

Reporting Person: Vais Terry (Chief Commercial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-08	Common Stock	A	4462	—	Acquired	21722	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-08	Stock Option (Right to Buy)	$17.25	A	3381	Acquired	2022-02-17	Common Stock (3381)	Direct

Footnotes

F1: Includes 21,722 restricted stock units, of which 14,849 vest three years from the date of grant and 6,873 vest up on achievement of performance measurements three years form the date of the grant. Each restricted stock united 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