SkyWest Airlines 2012 Annual Report Download - page 158

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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, 2012 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 (#) ($) (#) ($)
Jerry C. Atkin .............. 94,540 $88,064 16,521 $232,120
Bradford R. Rich ............ 50,000 $44,892 9,602 $134,908
Russell A. Childs ............ — — 8,504 $119,481
Bradford R. Holt ............ — — 7,972 $112,007
Michael J. Kraupp ........... — — 3,883 $ 54,556
Non-Qualified Deferred Compensation for 2012
Pursuant to the SkyWest Deferred Compensation Plan and the ExpressJet 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 ExpressJet
Deferred Compensation Plan, as applicable, is also credited with a discretionary employer contribution
monthly, whether or not the Executive contributes. For 2012 that discretionary employer contribution
was 15% of the Executive’s salary and annual bonus. Participant account balances under the SkyWest
and ExpressJet 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, 2012:
(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 ($)
SkyWest
Jerry C. Atkin ............ — $88,920 $284,853 — $2,353,051
Bradford R. Rich .......... — $68,810 $129,471 — $1,366,407
Russell A. Childs .......... — $63,859 $ 59,700 — $ 647,628
Bradford R. Holt .......... — $ 0 $ 49,496 — $ 441,716
Michael J. Kraupp ......... — $41,273 $ 61,280 — $ 609,467
(1) For 2012, Messrs. Atkin, Rich, Childs and Kraupp 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 ExpressJet
Deferred Compensation Plan (with respect to contributions for 2009 through 2012 and earnings
thereon).
36