SEC Form 4 · accession 0001179110-16-026885
SKYWEST INC · SKYW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry C Atkin
Director
Period of report
Jun 24, 2016
Accepted (ET)
Jun 24, 2016 · 6:13 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 | Jun 24, 2016 | M | 10,000 | $14.49 | A | 774,256 | D | |
| Common StockF4 | holding | — | — | — | 3 | I | 401k Plan | |
| Common Stock | holding | — | — | — | 508,755 | I | By Spouce | |
| Common StockF2 | holding | — | — | — | 20,000 | I | By Trust |
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) | $14.49 | Jun 24, 2016 | M | 10,000 | D | Feb 3, 2013 | Feb 3, 2017 | Common Stock | 10,000 | 37,282 | D |
| Stock Option (Right to Buy) | $15.51 | holding | — | — | — | Feb 2, 2014 | Feb 2, 2018 | Common Stock | 19,545 | 19,545 | D |
| Stock Option (Right to Buy) | $13.06 | holding | — | — | — | Feb 15, 2015 | Feb 15, 2019 | Common Stock | 39,627 | 39,627 | D |
| Stock Option (Right to Buy) | $13.24 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2020 | Common Stock | 32,255 | 32,255 | D |
| Stock Option (Right to Buy) | $12.10 | holding | — | — | — | Feb 18, 2017 | Feb 18, 2021 | Common Stock | 50,570 | 50,570 | D |
| Stock Option (Right to Buy)F3 | $13.51 | holding | — | — | — | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 48,332 | 48,332 | D |
Explanation of responses
- F1Includes 91,128 restricted stock units, of which 59,241 vest three years from the date of grant and 31,887 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.
- F2Reflects shares held in the Doyle C. Atkin Irrevocable Trust, of which the reporting person is a trustee.
- F3Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2016.
- F4Shares held under the company 401k plan.