SEC Form 4 · accession 0001179110-17-014779
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
Nov 29, 2017
Accepted (ET)
Dec 1, 2017 · 5:08 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 | Nov 29, 2017 | M | 5,515 | $12.10 | A | 32,280 | D | |
| Common StockF1 | Nov 29, 2017 | M | 2,322 | $13.51 | A | 34,602 | D | |
| Common StockF1 | Nov 29, 2017 | M | 5,847 | $14.78 | A | 40,449 | D | |
| Common StockF1 | Nov 29, 2017 | M | 2,232 | $17.25 | A | 42,681 | D | |
| Common StockF2,F1 | Nov 29, 2017 | S | 12,075 | $51.5243 | D | 30,606 | 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) | $12.10 | Nov 29, 2017 | M | 5,515 | D | Feb 18, 2017 | Feb 18, 2021 | Common Stock | 5,515 | 0 | D |
| Stock Option (Right to Buy)F3 | $13.51 | Nov 29, 2017 | M | 2,322 | D | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 2,322 | 2,393 | D |
| Stock Option (Right to Buy)F4 | $14.78 | Nov 29, 2017 | M | 5,847 | D | Feb 10, 2017 | Feb 10, 2023 | Common Stock | 5,847 | 11,874 | D |
| Stock Option (Right to Buy)F5 | $17.25 | Nov 29, 2017 | M | 2,232 | D | Sep 8, 2016 | Sep 8, 2022 | Common Stock | 2,232 | 1,149 | D |
Explanation of responses
- F1Includes 18,564 restricted stock units which vest three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $51.3050 and $51.7000. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
- F3Stock option becomes exercisable in equal annual installments of 33.33% starting on February 17, 2016.
- F4Stock option becomes exercisable in equal annual installments of 33.33% starting on February 10, 2017.
- F5Stock option becomes exercisable in equal annual installments of 33.33% starting on September 8, 2016.