SkyWest Airlines 2008 Annual Report Download - page 127

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OPTION EXERCISES AND STOCK VESTED FOR 2008
Stock options exercised and restricted shares that vested for the NEOs during 2008 are outlined
below.
Option Awards Stock Awards
(a) (b) (c) (d) (e)
Number of Shares Value Realized Number of Shares Value Realized on
Acquired On Exercise on Exercise Acquired on Vesting Vesting
Name (#) ($)(1) (#)(2) ($)(2)
Jerry C. Atkin .............. 150,363 $755,942 ——
Bradford R. Rich ............ 84,000 $226,249 ——
Russell A. Childs ............ ————
Bradford R. Holt ............ ————
(1) The dollar amounts shown in column (c) above for option awards are determined by multiplying
(i) the number of shares of Common Stock to which the exercise of the option related, by (ii) the
difference between the per-share closing price of Common Stock on the date of exercise and the
exercise price of the option awards.
(2) No shares of Common Stock underlying stock awards vested during 2008.
NON-QUALIFIED DEFERRED COMPENSATION FOR 2008
Pursuant to the SkyWest Deferred Compensation Plan and the ASA Deferred Compensation Plan,
covered NEOs may elect prior to the beginning of each calendar year to defer the receipt of base
salary and annual performance bonuses earned for the ensuing calendar year. Amounts deferred are
credited to an unfunded liability account maintained by the Company on behalf of the applicable NEO,
which account is deemed invested in and earns a rate of return based upon certain notational,
self-directed investment options offered under the applicable plan.
Each NEO’s account under the SkyWest Deferred Compensation Plan and ASA Deferred
Compensation Plan, as applicable, is also credited with a discretionary employer contribution monthly,
whether or not the NEO contributes. For 2008 that discretionary employer contribution was 15% of the
NEO’s salary and annual bonus. Participant account balances under the SkyWest and ASA Deferred
Compensation Plans are fully-vested and will be paid by the Company to each NEO upon retirement or
separation from employment, or on other specified dates, in a lump sum form or in installments
according to a schedule elected in advance by the NEO.
The following table provides information regarding the SkyWest and ASA Deferred Compensation
Plans for NEOs for 2008.
(a) (b) (c) (d) (e) (f)
Aggregate
Executive Registrant Aggregate Withdrawals/ Aggregate
Contributions in Contributions in Earnings in Distributions in Balance at
Last Fiscal Year Last Fiscal Year Last Fiscal Year Last Fiscal Year Last Fiscal Year
Name(1) ($) ($)(2) ($)(3) ($) End ($)
Jerry C. Atkin ........ —$95,295 $(510,083) — $1,138,561
Bradford R. Rich ..... —69,689 (401,496) — 637,166
Russell A. Childs ...... —46,804 (47,311) — 204,727
Bradford R. Holt ..... —0 (19,567) — 439,532
(1) For 2008, Messrs. Atkin, Rich and Childs were covered by the SkyWest Deferred Compensation
Plan only and Mr. Holt was covered by both the SkyWest Deferred Compensation Plan (as to
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