SEC Form 5 · accession 0001179110-16-018986
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry Vais
Officer — Chief Commercial Officer
Period of report
Dec 31, 2015
Accepted (ET)
Feb 11, 2016 · 4:10 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 | Sep 8, 2015 | A | 4,462 | $0.00 | A | 21,722 | 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)F2 | $17.25 | Sep 8, 2015 | A | 3,381 | A | Sep 8, 2018 | Feb 17, 2022 | Common Stock | 3,381 | 3,381 | D |
Explanation of responses
- F1Includes 21,722 restricted stock units, of which 14,849 vest three years from the date of grant and 6,873 vest up on achievement of performance measurements three years form the date of the grant. Each restricted stock united represents a contingent right to receive one share of common stock.
- F2Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2016