SEC Form 4 · accession 0001179110-16-019153
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Simmons
Officer — Chief Financial Officer
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 6:49 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 | 30,202 | $0.00 | A | 62,178 | 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)F3 | $14.78 | Feb 10, 2016 | A | 22,889 | A | Feb 10, 2017 | Feb 10, 2023 | Common Stock | 22,889 | 22,889 | D |
| Stock Option (Right to Buy)F2 | $14.12 | holding | — | — | — | Feb 17, 2016 | Apr 2, 2022 | Common Stock | 24,233 | 24,233 | D |
Explanation of responses
- F1Includes 62,178 restricted stock units, of which 31,089 vest approximately three years from the date of grant and 31,089 vest upon achievement of performance measurements approximately 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 10, 2016.
- F3Stock Options become exercisable in equal annual installments of 33.33% starting on February 10, 2017.