X0202 4 2006-11-13 0 0001159154 REPUBLIC AIRWAYS HOLDINGS INC RJET 0001290868 Heller Wayne C 8909 PURDUE ROAD SUITE 300 INDIANAPOLIS IN 46268 0 1 0 0 EVP, COO Common Stock, par value $.001 2006-11-13 4 M 0 5588 1.75 A 80588 D Common Stock, par value $.001 2006-11-13 4 M 0 6912 13 A 87500 D Common Stock, par value $.001 2006-11-13 4 S 0 12500 18 D 75000 D Option to puchase Common Stock, par value $.001 1.75 2006-11-13 4 M 0 5588 D 2008-07-31 Common Stock, par value $.001 5588 0 D Option to purchase Common Stock, par value $.001 13 2006-11-13 4 M 0 6912 D 2014-12-27 Common Stock, par value $.001 6912 67248 D These shares were sold pursuant to a written plan as specified in Rule 10b-1(c) of the Securities Exchange act of 1934. These options became exercisable in equal monthly installments over 48 months beginning on August 31, 1999. Each monthly installment expires 5 years after the date on which it became vested, with the last monthly installment expriring on July 31, 2008. These options became exercisable in equal monthly installments over 8 months beginning on December 27, 2004. The options expire December 27, 2014, 10 years after grant date. Not applicable. /s/ Wayne C. Heller 2006-11-14