SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Kraupp Michael J.

(Last) (First) (Middle)
444 SOUTH RIVER ROAD

(Street)
ST. GEORGE UT 84790

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/11/2011
3. Issuer Name and Ticker or Trading Symbol
SKYWEST INC [ SKYW ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO and Treasurer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 13,300.54(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Rights to Buy) 02/05/2005 02/05/2012 Common Stock 14,190 26.24 D
Stock Options (Rights to Buy) 02/05/2005 02/05/2012 Common Stock 3,810 26.24 D
Stock Options (Rights to Buy) 02/01/2008 02/01/2015 Common Stock 30,156 17.11 D
Stock Options (Rights to Buy) 02/01/2008 02/01/2015 Common Stock 5,844 17.11 D
Stock Options (Rights to Buy) 05/02/2009 05/02/2013 Common Stock 8,500 23.8 D
Stock Options (Rights to Buy) 02/06/2010 02/06/2014 Common Stock 8,451 26.84 D
Stock Options (Rights to Buy) 02/06/2011 02/06/2015 Common Stock 8,451 25.8 D
Stock Options (Rights to Buy) 02/04/2012 02/04/2016 Common Stock 15,531 15.24 D
Stock Options (Rights to Buy) 02/03/2013 02/03/2017 Common Stock 12,692 14.49 D
Stock Options (Rights to Buy) 02/02/2014 02/02/2018 Common Stock 12,185 15.51 D
Explanation of Responses:
1. Of these shares, 3,883 are Restricted Shares that were granted on 2/4/2009, 4,187 are Restricted Stock Units that were granted on 2/3/2010, 4,020 are Restricted Stock Units that were granted on 2/2/2011, and 1,210.54 are shares acquired under SkyWest Inc.'s employee stock purchase plan.
Remarks:
Exhibit List: Exhibit 24 Power of Attorney
MICHAEL J. KRAUPP 05/23/2011
** Signature of Reporting Person Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.