SkyWest Airlines 2009 Annual Report Download - page 139

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GRANTS OF PLAN-BASED AWARDS FOR 2009
The following table provides information about non-equity based and equity-based plan awards
granted to the Named Executives for the fiscal year ended December 31, 2009:
(a) (b) (c) (d) (e) (f) (g)
All Other All Other
Stock Option
Awards: Awards:
Estimated Possible Payouts Number Number of Exercise
Under Non-Equity of Securities Price of Grant
Incentive Plan Awards Shares of Underlying Options Date
Threshold Target Maximum Stock Options Awards Full Fair
Name Grant Date ($) ($) ($) (#) (#) ($S/share)(5) Value(6)
Jerry C. Atkin .... 12-Nov-2008(1)(2) $208,880 $298,400 $387,920
3-Feb-2009(3)(4) $146,869 $209,813 $272,757 16,521 99,124 $15.24 $689,908
Bradford R. Rich . . 12-Nov-2008(1)(2) $151,760 $216,800 $281,840
3-Feb-2009(3)(4) $ 85,365 $121,950 $158,535 9,602 57,614 $15.24 $400,988
Russell A. Childs . . 12-Nov-2008(1)(2) $134,400 $192,000 $249,600
3-Feb-2009(3)(4) $ 75,600 $108,000 $140,400 8,504 51,024 $15.24 $355,127
Bradford R. Holt . . 12-Nov-2008(1)(2) $126,000 $180,000 $234,000
3-Feb-2009(3)(4) $ 70,875 $101,250 $131,625 7,972 47,535 $15.24 $331,598
(1) The Compensation Committee approved the grant of Non-Equity Incentive Plan Awards in the form of
annual performance bonuses on November 12, 2008.
(2) Annual performance bonuses earned for fiscal year 2009 and paid in 2010 are included in the ‘‘Non-Equity
Incentive Plan Compensation’’ column for 2009 in the Summary Compensation Table and are as follows:
Mr. Atkin—$290,400; Mr. Rich—$213,700; Mr. Childs—$208,700; and Mr. Holt—$117,100.
(3) On February 3, 2009, the Company granted stock options, restricted stock and performance unit awards
payable in cash pursuant to the 2006 Long-Term Incentive Plan. The awards vest on the third anniversary of
the date of grant.
(4) Performance unit awards earned for fiscal year 2009 and payable in 2012, subject to risk of forfeiture if the
Named Executive’s employment terminates prior to the third anniversary of the date of grant, are included in
the ‘‘Non-Equity Incentive Plan Compensation’’ column for 2009 in the Summary Compensation Table and
are as follows: Mr. Atkin—$163,654; Mr. Rich—$95,121; Mr. Childs—$84,240; and Mr. Holt—$78,975.
(5) The exercise price of the options of $15.24 per share was the market closing price of the Common Stock on
the date of grant.
(6) This column shows the full grant date fair market value of the options granted in 2009 as computed under
ASC Topic 718 and the expense attributable to restricted stock awards (excluding the effect of estimates for
forfeitures). 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, 2009 which
are included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange
Commission.
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