SEC Form 4 · accession 0001179110-16-025506
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry Vais
Officer — Chief Operating Officer - Sub
Period of report
May 24, 2016
Accepted (ET)
May 25, 2016 · 5:21 pm EDT
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 | May 24, 2016 | M | 2,398 | $13.06 | A | 46,252 | D | |
| Common StockF1 | May 24, 2016 | M | 2,398 | $13.06 | A | 48,650 | D | |
| Common StockF1 | May 24, 2016 | M | 2,423 | $13.24 | A | 51,073 | D | |
| Common StockF1 | May 24, 2016 | M | 2,424 | $13.24 | A | 53,497 | D | |
| Common StockF1 | May 24, 2016 | S | 1,672 | $23.86 | D | 51,825 | D | |
| Common StockF1 | May 24, 2016 | S | 1,702 | $23.86 | D | 50,123 | D | |
| Common StockF1 | May 24, 2016 | S | 2,423 | $23.88 | D | 47,700 | D | |
| Common StockF1 | May 24, 2016 | S | 2,398 | $23.89 | D | 45,302 | 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) | $13.06 | May 24, 2016 | M | 4,796 | D | Feb 15, 2015 | Feb 15, 2019 | Common Stock | 4,796 | 0 | D |
| Stock Option (right to buy) | $13.24 | May 24, 2016 | M | 4,847 | D | Feb 13, 2016 | Feb 13, 2020 | Common Stock | 4,847 | 0 | D |
| Stock Option (right to buy) | $15.51 | holding | — | — | — | Feb 2, 2014 | Feb 2, 2018 | Common Stock | 8,683 | 8,683 | D |
| Stock Option (right to buy) | $12.10 | holding | — | — | — | Feb 18, 2017 | Feb 18, 2021 | Common Stock | 5,515 | 5,515 | D |
| Stock Option (right to buy)F2 | $13.51 | holding | — | — | — | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 7,037 | 7,037 | D |
| Stock Options (Right to Buy)F4 | $14.78 | holding | — | — | — | Feb 10, 2017 | Feb 10, 2023 | Common Stock | 17,721 | 17,721 | D |
| Stock Option (Right to Buy)F3 | $17.25 | holding | — | — | — | Sep 8, 2016 | Sep 8, 2022 | Common Stock | 3,381 | 3,381 | D |
Explanation of responses
- F1Includes 41,373 restricted stock units, of which 22,809 vest three years from the date of grant and 18,564 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.
- F3Stock Options become exercisable in equal annual installments of 33.33% starting on September 8, 2016.
- F4Stock Options become exercisable in equal annual installments of 33.33% starting on February 10, 2017.