SEC Form 4 · accession 0001179110-18-010184
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
Jul 31, 2018
Accepted (ET)
Aug 2, 2018 · 6:56 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 | Jul 31, 2018 | M | 2,393 | $13.51 | A | 40,000 | D | |
| Common StockF1 | Jul 31, 2018 | M | 5,848 | $14.78 | A | 45,848 | D | |
| Common StockF2,F1 | Jul 31, 2018 | S | 8,241 | $60.0064 | D | 37,607 | 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 | $13.51 | Jul 31, 2018 | M | 2,393 | D | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 2,393 | 0 | D |
| Stock Option (Right to Buy)F4 | $14.78 | Jul 31, 2018 | M | 5,848 | D | Feb 10, 2017 | Feb 10, 2023 | Common Stock | 5,848 | 6,026 | D |
Explanation of responses
- F1Includes 23,294 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. Reflects the corrected total showing 1 share less due to rounding.
- F2Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $60.00 and $60.10. 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.