SkyWest Airlines 2008 Annual Report Download - page 125

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GRANTS OF PLAN-BASED AWARDS FOR 2008
The following table provides information about non-equity-based and equity-based plan awards
granted to the NEOs for the fiscal year ended December 31, 2008:
(a) (b) (c) (d) (e) (f) (g)
All Other
All Other Option
Stock Awards:
Estimated Possible Payouts Awards: Number of Exercise
Under Non-Equity Number of Securities Price of Grant
Incentive Plan Awards(3) Shares of Underlying Options Date
Grant Threshold Target Maximum Stock Options Awards Full Fair
Name Date ($) ($) ($) (#) (#) ($S/share)(4) Value(5)
Jerry C. Atkin .... 6-Nov-2007(1) $202,720 $289,600 $376,480
6-Feb-2008(2) 4,940 59,281 $25.800 $503,294
Bradford R. Rich . . 6-Nov-2007(1) $147,280 $210,400 $273,520
6-Feb-2008(2) 2,872 34,467 $25.800 $292,619
Russell A. Childs . . 6-Nov-2007(1) $128,800 $184,000 $239,200
6-Feb-2008(2) 2,512 30,142 $25.800 $255,910
Bradford R. Holt . . 6-Nov-2007(1) $112,000 $160,000 $208,000
6-Feb-2008(2) 2,184 26,211 $25.800 $222,525
(1) The Compensation Committee initially approved the grant of Non-Equity Incentive Plan Awards on
November 6, 2007. On November 12, 2008 the Compensation Committee modified the target performance
levels applicable to those awards. The specific changes in target performance levels applicable to 2008
Non-Equity Incentive Plan Awards are described under the heading ‘‘Annual Performance-Based Bonus’’ in
the ‘‘Compensation Discussion and Analysis’’ section above.
(2) On February 6, 2008, the Company granted stock options and restricted stock awards pursuant to the 2006
Long-Term Incentive Plan. The awards vest in full on the third anniversary of the date of grant.
(3) Annual performance bonuses actually earned for fiscal year 2008 and paid in 2009 are listed in the
‘‘Non-Equity Incentive Plan Compensation’’ column for 2008 in the Summary Compensation Table appearing
above.
(4) The exercise price of the options of $25.80 per share was the market closing price of the Common Stock on
the date of grant.
(5) This column shows the full grant date fair market value of the options granted in 2008 as computed under
SFAS No. 123(R) and the expense attributable to restricted stock awards. Generally, the Company will
expense this amount in its financial statements over the award’s vesting schedule. Assumptions and
methodologies used in the calculation of these amounts are included in footnotes to the Company’s audited
financial statements for the fiscal year ended December 31, 2008 which are included in the Company’s
Annual Report on Form 10-K filed with the Securities and Exchange Commission.
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