SKYWEST INC — Director's Dealing 2017

Mar 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2017-02-18

Reporting Person: Woodward Eric (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-18	Common Stock	F	2603	$35.70	Disposed	23346	Direct
2017-02-27	Common Stock	M	7201	$12.10	Acquired	30547	Direct
2017-02-27	Common Stock	M	6013	$12.10	Acquired	36560	Direct
2017-02-27	Common Stock	M	2909	$13.51	Acquired	39469	Direct
2017-02-27	Common Stock	F	3975	$35.85	Disposed	35494	Direct
2017-02-27	Common Stock	F	3869	$35.85	Disposed	31625	Direct
2017-02-27	Common Stock	F	1949	$35.85	Disposed	29676	Direct
2017-03-01	Common Stock	S	6330	$35.24	Disposed	23346	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-27	Stock Option (Right to Buy)	$12.10	M	7201	Disposed	2021-02-18	Common Stock (7201)	Direct
2017-02-27	Stock Option (Right to Buy)	$12.10	M	6013	Disposed	2021-02-18	Common Stock (6013)	Direct
2017-02-27	Stock Option (Right to Buy)	$13.51	M	2909	Disposed	2020-02-17	Common Stock (8816)	Direct

Footnotes

F1: Includes 17,118 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: Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2016.