SkyWest Airlines 2013 Annual Report Download - page 152
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(2) Awards scheduled to vest on February 15, 2015.
(3) Awards scheduled to vest on February 13, 2016.
(4) Stock options awarded through 2005 expire ten years from date of grant. Stock options granted in 2006 and
after expire seven years from date of grant.
(5) Based on market closing price per share of Common Stock of $14.79 on December 31, 2013.
Option Exercises and Stock Vested
Stock options exercised and shares of restricted stock that vested for the Executives during the
year ended December 31, 2013 are outlined below.
Option Awards Stock Awards
(b) (c) (d) (e)
Number of Shares Value Realized Number of Shares Value Realized
(a) Acquired On Exercise on Exercise Acquired on Vesting on Vesting
Name (#)(1) ($) (#) ($)
Jerry C. Atkin ................ ——19,886 $254,740
Bradford R. Rich .............. ——11,557 $148,045
Russell A. Childs .............. ——10,236 $131,123
Bradford R. Holt .............. ——9,597 $122,938
Michael J. Kraupp ............. ——4,187 $ 53,635
(1) No stock options were exercised by Executives during the year ended December 31, 2013.
Non-Qualified Deferred Compensation for 2013
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 2013 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.
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