X0202 4 2006-05-09 0000948845 MIDWEST AIR GROUP INC MEH 0001196942 RANKIN JAMES P C/O SKYWAY AIRLINES, INC. 1190 WEST RAWSON AVENUE MILWAUKEE WI 53154 0 1 0 0 SVP/Pres & CEO Skyway Airlines Common Stock 2006-05-09 4 M 0 3000 3.36 A 27934 D Common Stock 2006-05-09 4 S 0 2500 6.03 D 25434 D Common Stock 2006-05-09 4 S 0 500 6.06 D 24934 D Employee Stock Option (Right to Buy) 3.36 2006-05-09 4 M 0 3000 0 D 2013-02-19 Common Stock 3000 17000 D Restricted Stock under the Midwest Air Group, Inc. 2005 Equity Incentive Plan (the "2005 Plan"), all of which vest on 2/15/2009. The options became exercisable in increments of 30% on 2/19/2004, 30% on 2/19/2005 and 40% on 2/19/2006. Charles J. Wauters (pursuant to Power of Attorney previously filed) 2006-05-10