SEC Form 4 · accession 0001179110-15-002911
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry C Atkin
Officer — Chairman and CEO · Director
Period of report
Feb 17, 2015
Accepted (ET)
Feb 18, 2015 · 9:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000793733
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 17, 2015 | F | 7,250 | $13.80 | D | 806,374 | D | |
| Common StockF2 | Feb 17, 2015 | A | 63,774 | $0.00 | A | 806,374 | D | |
| Common StockF5 | holding | — | — | — | 3 | I | 401k Plan | |
| Common Stock | holding | — | — | — | 508,755 | I | By Spouce | |
| Common StockF3 | holding | — | — | — | 20,000 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $13.51 | Feb 17, 2015 | A | 48,332 | A | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 48,332 | 48,332 | D |
| Stock Option (Right to Buy) | $15.24 | holding | — | — | — | Feb 4, 2012 | Feb 4, 2016 | Common Stock | 99,124 | 99,124 | D |
| Stock Option (Right to Buy) | $14.49 | holding | — | — | — | Feb 3, 2013 | Feb 3, 2017 | Common Stock | 60,282 | 60,282 | D |
| Stock Option (Right to Buy) | $15.51 | holding | — | — | — | Feb 2, 2014 | Feb 2, 2018 | Common Stock | 19,545 | 19,545 | D |
| Stock Option (Right to Buy) | $13.06 | holding | — | — | — | Feb 15, 2015 | Feb 15, 2019 | Common Stock | 39,627 | 39,627 | D |
| Stock Option (Right to Buy) | $13.24 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2020 | Common Stock | 32,255 | 32,255 | D |
| Stock Option (Right to Buy) | $12.10 | holding | — | — | — | Feb 18, 2017 | Feb 18, 2021 | Common Stock | 50,570 | 50,570 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions of prices that ranged from $13.70 to $13.95, inclusive. The reporting person undertakes to provide to SkyWest, Inc., any security holder of SkyWest, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2Includes 115,514 restricted stock units, of which 83,627 vest three years from the date of grant and 31,887 vest upon achievement of performance measurements three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3Reflects shares held in the Doyle C. Atkin Irrevocable Trust, of which the reporting person is a trustee.
- F4Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2018.
- F5Shares held under the company 401k plan.