SkyWest Airlines 2013 Annual Report Download - page 97
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SKYWEST, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
DECEMBER 31, 2013
(8) Capital Transactions (Continued)
following table summarizes the stock option activity for all of the Company’s plans for the years ended
December 31, 2013, 2012 and 2011:
2013 2012 2011
Weighted
Weighted Average Aggregate Weighted Weighted
Average Remaining Intrinsic Average Average
Number of Exercise Contractual Value Number of Exercise Number of Exercise
Options Price Term ($000) Options Price Options Price
Outstanding at beginning
of year ............. 3,653,859 $18.44 2.3 years $—4,176,673 $19.26 4,586,979 $19.96
Granted ............. 173,560 13.24 200,115 13.06 327,617 15.45
Exercised ............ (75,080) 10.91 (179,204) 10.57 (5,941) 10.57
Cancelled ............ (344,764) 20.67 (543,725) 25.35 (731,982) 24.73
Outstanding at end of
year ............... 3,407,575 17.99 1.8 years — 3,653,859 18.44 4,176,673 19.26
Exercisable at
December 31, 2013 .... 2,818,464 18.83 1.1 years —
Exercisable at
December 31, 2012 .... 3,031,825 19.28 1.8 years —
The total intrinsic value of options to acquire shares of the Company’s common stock that were
exercised during the years ended December 31, 2013, 2012 and 2011 was $172,000, $191,000 and
$31,000, respectively.
The following table summarizes the status of the Company’s non-vested stock options as of
December 31, 2013:
Weighted-Average
Number of Grant-Date
Shares Fair Value
Non-vested shares at beginning of year .............. 622,034 $4.99
Granted .................................... 173,560 5.04
Vested ..................................... (206,483) 4.78
Cancelled ................................... ——
Non-vested shares at end of year .................. 589,111 5.07
The following table summarizes information about the Company’s stock options outstanding at
December 31, 2013:
Options Outstanding Options Exercisable
Weighted Average
Number Remaining Weighted Average Number Weighted Average
Range of Exercise Prices Outstanding Contractual Life Exercise Price Exercisable Exercise Price
$10 to $16 ............. 1,240,074 3.7 years $14.51 650,963 $15.00
$17 to $21 ............. 1,593,980 0.8 years 17.72 1,593,980 17.72
$22 to $28 ............. 573,521 0.6 years 26.29 573,521 26.29
$10 to $28 ............. 3,407,575 1.8 years 17.99 2,818,464 18.83
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