Sec Form 4 Filing - ATKIN JERRY C @ SKYWEST INC - 2016-08-19

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ATKIN JERRY C
2. Issuer Name and Ticker or Trading Symbol
SKYWEST INC [ SKYW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
444 S RIVER ROAD
3. Date of Earliest Transaction (MM/DD/YY)
08/19/2016
(Street)
ST GEORGE, UT84790
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/19/2016 G 4,500 D $ 0 486,255 I By Spouse
Common Stock 08/19/2016 G 4,500 D $ 0 766,988 ( 1 ) D
Common Stock 20,000 ( 2 ) I By Trust
Common Stock 3 ( 4 ) I 401k Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 15.51 02/02/2014 02/02/2018 Common Stock 19,545 19,545 D
Stock Option (Right to Buy) $ 13.06 02/15/2015 02/15/2019 Common Stock 39,627 39,627 D
Stock Option (Right to Buy) $ 13.24 02/13/2016 02/13/2020 Common Stock 32,255 32,255 D
Stock Option (Right to Buy) $ 12.1 02/18/2017 02/18/2021 Common Stock 50,570 50,570 D
Stock Option (Right to Buy) $ 13.51 02/17/2016( 3 ) 02/17/2022 Common Stock 48,332 48,332 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ATKIN JERRY C
444 S RIVER ROAD
ST GEORGE, UT84790
X
Signatures
Jerry C Atkin 08/23/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 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.
( 2 )Reflects shares held in the Doyle C. Atkin Irrevocable Trust, of which the reporting person is a trustee.
( 3 )Stock Options become exercisable in equal annual installments of 33.33% starting on February 17, 2016.
( 4 )Shares held under the company 401k plan.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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