SkyWest Airlines 2010 Annual Report Download - page 157

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OPTION EXERCISES AND STOCK VESTED
Stock options exercised and shares of restricted stock that vested for the Executives during the
year ended December 31, 2010 are outlined below.
Option Awards Stock Awards
(b) (c) (d) (e)
Number of Shares Value Realized Number of Shares Value Realized
(a) Acquired On Exercise on Exercise Acquired on Vesting on Vesting
Name (#)(1) ($) (#) ($)
Jerry C. Atkin ................ ——4,940 $68,468
Bradford R. Rich .............. ——2,872 $39,806
Russell A. Childs .............. ——2,207 $30,589
Bradford R. Holt .............. ——2,217 $30,728
(1) No stock options were exercised by Executives during the year ended December 31, 2010.
NON-QUALIFIED DEFERRED COMPENSATION FOR 2010
Pursuant to the SkyWest Deferred Compensation Plan and the Atlantic Southeast Deferred
Compensation Plan, covered Executives may elect prior to the beginning of each calendar year to defer
the receipt of base salary and annual performance bonuses earned for the ensuing calendar year.
Amounts deferred are credited to an unfunded liability account maintained by the Company on behalf
of the applicable Executive, which account is deemed invested in and earns a rate of return based upon
certain notational, self-directed investment options offered under the applicable plan.
Each Executive’s account under the SkyWest Deferred Compensation Plan and Atlantic Southeast
Deferred Compensation Plan, as applicable, is also credited with a discretionary employer contribution
monthly, whether or not the Executive contributes. For 2010 that discretionary employer contribution
was 15% of the Executive’s salary and annual bonus. Participant account balances under the SkyWest
and Atlantic Southeast Deferred Compensation Plans are fully vested and will be paid by the Company
to each Executive upon retirement or separation from employment, or on other specified dates, in a
lump sum form or in installments according to a schedule elected in advance by the Executive.
The following table provides information regarding the SkyWest Deferred Compensation Plan for
the Executives for the year ended December 31, 2010.
(e)
(b) (c) (d) Aggregate (f)
Executive Registrant Aggregate Withdrawals/ Aggregate
Contributions in Contributions in Earnings in Distributions in Balance at
(a) Last Year Last Year Last Year Last Year Last Year
Name(1) ($) ($)(2) ($)(3) ($) End ($)
Jerry C. Atkin ............ —$101,802 $235,152 — $1,893,506
Bradford R. Rich .......... —$ 76,256 $111,979 — $1,058,338
Russell A. Childs .......... — $ 70,469 $ 45,599 — $ 441,338
Bradford R. Holt .......... — $ 0 $ 40,749 — $ 500,164
(1) For 2010, 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 2009 and earnings thereon only) and the Atlantic Southeast
Deferred Compensation Plan (with respect to contributions for 2009 and 2010 and earnings
thereon).
(2) The amounts in column (c) reflect the amounts of employer contributions credited under the
applicable deferred compensation plan for 2010 at the rate of 15% of each Executive’s 2010 base
35