SkyWest Airlines 2009 Annual Report Download - page 141

OPTION EXERCISES AND STOCK VESTED
Stock options exercised and restricted shares that vested for the Named Executives during the
fiscal year ended December 31, 2009 are outlined below.
Option Awards Stock Awards
(b) (c) (d) (e)
Number of Shares Value Realized Number of Shares Value Realized on
(a) Acquired On Exercise on Exercise Acquired on Vesting Vesting
Name (#) ($) (#) ($)(1)
Jerry C. Atkin .............. — — 5,100 $64,668
Bradford R. Rich ............ — — 3,000 $38,040
Russell A. Childs ............ — — 2,200 $27,896
Bradford R. Holt ............ — — 2,200 $27,890
(1) The dollar amounts shown in column (e) above for stock awards are determined by multiplying the
number of shares that vested (column (d)) by the closing price of common stock on the vesting
date, which was $12.68.
NON-QUALIFIED DEFERRED COMPENSATION FOR 2009
Pursuant to the SkyWest Deferred Compensation Plan and the ASA Deferred Compensation Plan,
covered Named Executives may elect prior to the beginning of each calendar year to defer the receipt
of base salary and annual performance bonuses earned for the ensuing calendar year. Amounts
deferred are credited to an unfunded liability account maintained by the Company on behalf of the
applicable Named Executive, which account is deemed invested in and earns a rate of return based
upon certain notational, self-directed investment options offered under the applicable plan.
Each Named Executive’s account under the SkyWest Deferred Compensation Plan and ASA
Deferred Compensation Plan, as applicable, is also credited with a discretionary employer contribution
monthly, whether or not the Named Executive contributes. For 2009 that discretionary employer
contribution was 15% of the Named Executive’s salary and annual bonus. Participant account balances
under the SkyWest and ASA Deferred Compensation Plans are fully vested and will be paid by the
Company to each Named Executive upon retirement or separation from employment, or on other
specified dates, in a lump sum form or in installments according to a schedule elected in advance by
the Named Executive.
The following table provides information regarding the SkyWest and ASA Deferred Compensation
Plans for Named Executives for 2009.
(e)
(b) (c) (d) Aggregate (f)
Executive Registrant Aggregate Withdrawals/ Aggregate
Contributions in Contributions in Earnings in Distributions in Balance at
(a) Last Fiscal Year Last Fiscal Year Last Fiscal Year Last Fiscal Year Last Fiscal Year
Name(1) ($) ($)(2) ($)(3) ($) End ($)
Jerry C. Atkin ........ — $89,619 $328,372 — $1,556,553
Bradford R. Rich ..... — $66,979 $165,957 — $ 870,103
Russell A. Childs ...... — $59,748 $ 60,794 — $ 325,269
Bradford R. Holt ..... — 0 $ 19,883 — $ 459,415
(1) For 2009, 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
contributions for years prior to 2008 and earnings thereon only) and the ASA Deferred
Compensation Plan (with respect to contributions for 2008 and 2009 and earnings thereon).
35