SEC Form 4 · accession 0001179110-15-002914
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael B Thompson
Officer — Chief Operating Officer of Sub
Period of report
Feb 17, 2015
Accepted (ET)
Feb 18, 2015 · 9:48 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 | 1,295 | $13.86 | D | 36,943 | D | |
| Common StockF2 | Feb 17, 2015 | A | 22,948 | $0.00 | A | 36,943 | D | |
| Common StockF4 | holding | — | — | — | 3,616 | I | 401k Plan |
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)F3 | $13.51 | Feb 17, 2015 | A | 17,391 | A | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 17,391 | 17,391 | D |
| Stock Option (Right to Buy) | $15.24 | holding | — | — | — | Feb 4, 2012 | Feb 4, 2016 | Common Stock | 10,289 | 10,289 | D |
| Stock Option (Right to Buy) | $14.49 | holding | — | — | — | Feb 3, 2013 | Feb 3, 2017 | Common Stock | 8,529 | 8,529 | D |
| Stock Option (Right to Buy) | $15.51 | holding | — | — | — | Feb 2, 2014 | Feb 2, 2018 | Common Stock | 8,172 | 8,172 | D |
| Stock Option (Right to Buy) | $13.06 | holding | — | — | — | Feb 15, 2015 | Feb 15, 2019 | Common Stock | 4,464 | 4,464 | D |
| Stock Option (Right to Buy) | $13.24 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2020 | Common Stock | 4,582 | 4,582 | D |
| Stock Option (Right to Buy) | $12.10 | holding | — | — | — | Feb 18, 2017 | Feb 18, 2021 | Common Stock | 5,051 | 5,051 | D |
| Stock Option (Right to Buy) | $11.36 | holding | — | — | — | May 15, 2017 | May 15, 2021 | Common Stock | 5,868 | 5,868 | 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 $13.74 to $13.94, 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 34,816 restricted stock units, of which 23,342 vest three years from the date of grant and 11,474 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.
- F3Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2016.
- F4Shares held under the company 401k plan.