SkyWest Airlines 2011 Annual Report Download - page 42

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Securities Authorized for Issuance Under Equity Compensation Plans
The following table contains information regarding our equity compensation plans as of
December 31, 2011.
Number of Securities
Weighted-Average Remaining Available for
Exercise Price of Future Issuance under
Number of Securities to be Outstanding Equity Compensation
Issued upon Exercise of Options, Plans (Excluding
Outstanding Options, Warrants and Securities Reflected in
Plan Category Warrants and Rights Rights the First Column)
Equity compensation plans approved by
security holders(1) ............... 4,176,673 $19.26 6,030,117
(1) Consists of our Executive Stock Incentive Plan, our All Share Stock Option Plan, our SkyWest Inc.
Long Term Incentive Plan, and our Employee Stock Purchase Plan. See Note 9 to our
Consolidated Financial Statements for the fiscal year ended December 31, 2011, included in Item 8
of this Report, for additional information regarding these plans.
Issuer Purchases of Equity Securities
Our Board of Directors has adopted a stock repurchase program which authorizes us to
repurchase shares of our common stock in the public market, from time to time, at prevailing prices.
Our stock repurchase program currently authorizes the repurchase of up to 20,000,000 shares of our
common stock. The following table summarizes our purchases under our stock repurchase program for
the three months ended December 31, 2011.
Maximum Number
Total Number of Shares of Shares that May
Purchased as Part of a Yet Be Purchased
Total Number of Average Price Publicly Announced Under the
Period Shares Purchased Paid Per Share Program(1) Program
October 1 - October 31, 2011 .... 257,659 $12.11 257,659 1,690,000
November 1 - November 30, 2011 . 117,425 11.89 117,425 1,572,575
December 1 - December 31, 2011 . — — — —
Total ..................... 375,084 $12.04 375,084 1,572,575
(1) Under resolutions adopted in February 2007, November 2007, May 2009 and May 2010, our Board
of Directors authorized the repurchase of up to 20,000,000 shares of our common stock. Purchases
are made at management’s discretion based on market conditions and our financial resources. In
addition, effective March 13, 2009, we entered into the SkyWest, Inc. Stock Repurchase Plan (the
‘‘Stock Repurchase Plan’’). The Stock Repurchase Plan provides for the repurchase of up to
3,400,000 shares of our common stock (which are included within, and are not in addition to, the
20,000,000 shares of common stock described above) by an independent third party pursuant to
trading parameters contemplated by the Stock Repurchase Plan. As of December 31, 2011, we had
spent approximately $337.6 million to repurchase approximately 18,427,425 shares of the 20,000,000
shares of common stock designated for repurchase by our Board of Directors. The authorization of
our Board of Directors does not have an expiration date. The Stock Repurchase Plan expires on
May 15, 2012.
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