SEC Form 4 · accession 0001179110-15-015089
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Woodward
Officer — Chief Accounting Officer
Period of report
Nov 18, 2015
Accepted (ET)
Nov 18, 2015 · 5:22 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 StockF2 | Nov 18, 2015 | M | 8,400 | $15.51 | A | 39,437 | D | |
| Common StockF1,F2 | Nov 18, 2015 | S | 8,400 | $19.6535 | D | 31,037 | D |
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) | $15.51 | Nov 18, 2015 | M | 8,400 | D | Feb 2, 2014 | Feb 2, 2018 | Common Stock | 8,400 | 0 | D |
| Stock Option (Right to Buy) | $13.06 | holding | — | — | — | Feb 15, 2015 | Feb 15, 2019 | Common Stock | 6,375 | 6,375 | D |
| Stock Option (Right to Buy) | $13.24 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2020 | Common Stock | 6,536 | 6,536 | D |
| Stock Option (Right to Buy) | $12.10 | holding | — | — | — | Feb 18, 2017 | Feb 18, 2021 | Common Stock | 13,214 | 13,214 | D |
| Stock Option (Right to Buy)F3 | $13.51 | holding | — | — | — | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 8,816 | 8,816 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at various prices. 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 22,116 restricted stock units, of which 16,300 vest three years from the date of grant and 5,816 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.