SKYWEST INC — Director's Dealing 2018

Aug 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2018-08-07

Reporting Person: Thompson Michael B (Chief Operating Officer of Sub)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-07	Common Stock	S	3057	$59.2495	Disposed	0	Indirect
2018-08-08	Common Stock	M	5913	$13.51	Acquired	54921	Direct
2018-08-08	Common Stock	M	5361	$14.78	Acquired	60282	Direct
2018-08-08	Common Stock	S	20274	$60.8831	Disposed	40008	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-08	Stock Option (Right to Buy)	$13.51	M	5913	Disposed	2022-02-17	Common Stock (5913)	Direct
2018-08-08	Stock Option (Right to Buy)	$14.78	M	5361	Disposed	2023-02-10	Common Stock (5361)	Direct

Footnotes

F1: Includes 20,238 restricted stock units which vest three years from the date of the 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 $60.50 and $61.50. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.

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