SKYWEST INC — Director's Dealing 2017

Feb 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2017-02-10

Reporting Person: Woodward Eric (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-10	Common Stock	M	6375	$13.06	Acquired	33142	Direct
2017-02-10	Common Stock	M	6536	$13.24	Acquired	39678	Direct
2017-02-10	Common Stock	M	2909	$13.51	Acquired	42587	Direct
2017-02-10	Common Stock	M	2880	$14.78	Acquired	45467	Direct
2017-02-10	Common Stock	F	3955	$36.25	Disposed	41512	Direct
2017-02-10	Common Stock	F	3932	$36.25	Disposed	37580	Direct
2017-02-10	Common Stock	F	1767	$36.25	Disposed	35813	Direct
2017-02-10	Common Stock	F	1813	$36.25	Disposed	34000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Stock Option (Right to Buy)	$13.06	M	6375	Disposed	2019-02-15	Common Stock (6375)	Direct
2017-02-10	Stock Option (Right to Buy)	$13.24	M	6536	Disposed	2020-02-13	Common Stock (6536)	Direct
2017-02-10	Stock Option (Right to Buy)	$13.51	M	2909	Disposed	2022-02-17	Common Stock (8816)	Direct
2017-02-10	Stock Option (Right to Buy)	$14.78	M	2880	Disposed	2023-02-10	Common stock (8729)	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.

F3: Stock Options become exercisable in equal annual installments of 33.33% starting on February 10, 2017.

F4: Excludes 11,575 performance shares that were erroneously included in the amount of securities reported in prior filings.