SkyWest Airlines 2008 Annual Report Download - page 131

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DIRECTOR SUMMARY COMPENSATION TABLE FOR 2008
The table below summarizes the compensation paid by the Company to its non-employee directors
for the year ended December 31, 2008.
(a) (b) (c) (d) (e) (f) (g)
Change in
Pension Value
and Deferred
Fees Earned or Stock Compensation All Other
Paid in Cash Awards Option Awards Earnings Compensation Total
Name(1) ($) ($)(2) ($)(3)(4) ($) ($) ($)
W. Steve Albrecht ..... $61,150 $43,338 $3,129 ——$107,617
J. Ralph Atkin ....... $46,300 $43,338 $3,129 ——$ 92,767
Margaret S. Billson .... $43,000 $43,338 —— —$ 86,338
Ian M. Cumming ..... $48,200 $43,338 $3,129 ——$ 94,667
Henry J. Eyring ...... $54,350 $43,338 —— —$ 97,688
Robert G. Sarver ..... $44,200 $43,338 $3,129 ——$ 90,667
Steven F. Udvar-Hazy . . $54,200 $43,338 $3,129 ——$100,667
James L. Welch ...... $43,000 $43,338 —— —$ 86,338
(1) Jerry C. Atkin, the Chairman and Chief Executive Officer of the Company, is not included in the
foregoing table as he is an employee of the Company and receives no monetary compensation for
his services as Chairman.
(2) Represents the closing price of the Common Stock awarded on the grant date of February 6, 2008,
of $26.06 per share, multiplied by the 1,663 shares granted to each non-employee director. That
amount is the aggregate grant date fair market value of awards as computed under SFAS
No. 123(R). All such shares of Common Stock are fully-vested.
(3) Reflects the dollar amount of grant date fair market value recognized for financial statement
reporting purposes for the year ended December 31, 2008, in accordance with SFAS No. 123(R),
with respect to stock option awards granted in 2005 only. 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, 2005, which are included in the Company’s
Annual Report on Form 10-K.
(4) As of December 31, 2008, each of the following non-employee directors of the Company held
unexercised options to purchase the following number of shares of Company Common Stock:
W. Steve Albrecht: 30,000; J. Ralph Atkin: 60,000; Ian M. Cumming: 80,000; Henry J. Eyring:
26,500; Robert G. Sarver: 64,000; Steven F. Udvar-Hazy: 56,000.
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