SKYWEST INC — Director's Dealing 2017

Dec 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2017-11-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-29	Common Stock	M	5515	$12.10	Acquired	32280	Direct
2017-11-29	Common Stock	M	2322	$13.51	Acquired	34602	Direct
2017-11-29	Common Stock	M	5847	$14.78	Acquired	40449	Direct
2017-11-29	Common Stock	M	2232	$17.25	Acquired	42681	Direct
2017-11-29	Common Stock	S	12075	$51.5243	Disposed	30606	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-29	Stock Option (Right to Buy)	$12.10	M	5515	Disposed	2021-02-18	Common Stock (5515)	Direct
2017-11-29	Stock Option (Right to Buy)	$13.51	M	2322	Disposed	2022-02-17	Common Stock (2322)	Direct
2017-11-29	Stock Option (Right to Buy)	$14.78	M	5847	Disposed	2023-02-10	Common Stock (5847)	Direct
2017-11-29	Stock Option (Right to Buy)	$17.25	M	2232	Disposed	2022-09-08	Common Stock (2232)	Direct

Footnotes

F1: Includes 18,564 restricted stock units which vest three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.

F2: Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $51.3050 and $51.7000. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

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

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

F5: Stock option becomes exercisable in equal annual installments of 33.33% starting on September 8, 2016.