SEC Form 4 · accession 0001179110-16-019143
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wade J Steel
Officer — Chief Commercial Officer
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 6:25 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 | Feb 10, 2016 | A | 27,280 | $0.00 | A | 65,406 | D | |
| Common StockF3 | holding | — | — | — | 582 | 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)F2,F4 | $14.78 | Feb 10, 2016 | A | 20,674 | D | Feb 10, 2017 | Feb 10, 2023 | Common Shares | 20,674 | 20,674 | D |
| Stock Option (Right to Buy) | $13.24 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2020 | Common Stock | 4,895 | 4,895 | D |
| Stock Option (Right to Buy) | $12.10 | holding | — | — | — | Feb 18, 2017 | Feb 18, 2021 | Common Stock | 5,429 | 5,429 | D |
| Stock Option (Right to Buy) | $11.36 | holding | — | — | — | May 15, 2017 | May 15, 2021 | Common Stock | 6,059 | 6,059 | D |
| Stock Option (Right to Buy)F2 | $13.51 | holding | — | — | — | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 19,386 | 19,386 | D |
Explanation of responses
- F1Includes 65,406 restricted stock units, of which 38,975 vest three years from the date of grant and 26,431 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.
- F2Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2016.
- F3Shares held under the company 401k plan.
- F4Stock Options become exercisable in equal annual installments of 33.33% starting on February 10, 2017.