X0202 4 2005-04-25 0 0000948845 MIDWEST AIR GROUP INC MEH 0001093035 HOEKSEMA TIMOTHY E C/O MIDWEST AIRLINES, INC. 6744 SOUTH HOWELL AVENUE OAK CREEK WI 531541402 1 1 0 0 Chairman, President and CEO Common Stock 2005-04-25 4 P 0 100 1.61 A 105700.0 D Common Stock 2005-04-25 4 P 0 200 1.59 A 105900.0 D Common Stock 2005-04-25 4 P 0 9700 1.64 A 115600.0 D Employee Stock Option (right to buy) 8.0000 2005-09-21 Common Stock 112500.00 112500.00 D Employee Stock Option (right to buy) 16.1111 2007-02-13 Common Stock 78750.00 78750.00 D Employee Stock Option (right to buy) 20.3472 2008-02-10 Common Stock 78750.00 78750.00 D Employee Stock Option (right to buy) 29.2188 2009-02-17 Common Stock 76000.00 76000.00 D Employee Stock Option (right to buy) 24.5000 2010-02-16 Common Stock 72000.00 72000.00 D Employee Stock Option (right to buy) 19.2800 2011-02-21 Common Stock 45000.00 45000.00 D Employee Stock Option (right to buy) 15.4300 2011-04-25 Common Stock 27000.00 27000.00 D Employee Stock Option (right to buy) 18.5200 2012-02-20 Common Stock 72000.00 72000.00 D Employee Stock Option (right to buy) 3.3600 2013-02-19 Common Stock 72000.00 72000.00 D Employee Stock Option (right to buy) 4.2100 2014-02-18 Common Stock 72000.00 72000.00 D Employee Stock Option (right to buy) 2.8200 2015-03-17 Common Stock 36000.00 36000.00 D Stock Fund Unit 0.0000 Stock Fund Unit 41548.96 41548.96 I By Plan Includes 50,000 shares of restricted stock granted under the 2005 Equity Incentive Plan, all of which vest on April 20, 2008. The option became exercisable in increments of 30%, 30% and 40% on 9/21/96, 9/21/97 and 9/1/98, respectively. The option became exercisable in increments of 30%, 30% and 40% on 2/13/98, 2/13/99 and 2/13/00, respectively. The option became exercisable in increments of 30%, 30% and 40% on 2/10/99, 2/10/00, and 2/10/01, respectively. The option became exercisable in increments of 30%, 30% and 40% on 2/17/00, 2/17/01 and 2/17/02, respectively. The option became exercisable in increments of 30%, 30% and 40% on 2/16/01, 2/16/02 and 2/16/03, respectively. The option became exercisable in increments of 30%, 30% and 40% on 2/21/02, 2/21/03 and 2/21/04, respectively. The option became exercisable in increments of 30%, 30% and 40% on 4/25/02, 4/25/03 and 4/25/04, respectively. The option became exercisable in increments of 30%, 30% and 40% on 2/20/03, 2/20/04 and 2/20/05, respectively. The option becomes exercisable in increments of 30%, 30% and 40% on 2/19/04, 2/19/05 and 2/19/06, respectively. The option becomes exercisable in increments of 30%, 30% and 40% on 2/18/05, 2/18/06 and 2/18/07, respectively. The option becomes exercisable in increments of 30%, 30% and 40% on 3/17/06, 3/17/07 and 3/17/08, respectively. Distributions will be made upon the earliest to occur of termination of employment, death, retirement or attainment of age 65, subject to limited exceptions. The number of underlying securities is based on the share fund balance on 04/21/2005. The actual number of shares issuable upon the distribution date is not determinable since the stock fund is a unitized account consisting of 97% Company stock and 3% money market fund. The share account balance is based on a 04/21/2005 stock fund price of $1.78 per share. By the Midwest Airlines Savings & Investment Plan. By: Patrick G. Quick, attorney-in-fact 2005-04-27