SkyWest Airlines 2014 Annual Report Download - page 157

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Option Awards Stock Awards
(b) (c) (g)
Number of Number of (f) Market
Securities Securities Number of Value of
Underlying Underlying (d) (e) Shares or Shares or
Unexercised Unexercised Option Option Share Units Share Units
(a) Options Options Exercise Expiration That Have That Have
Name Exercisable (#) Unexercisable (#) Price ($) Date(6) Not Vested (#) Not Vested(7)($)
Michael J. Kraupp . . . 36,000 — $17.11 1-Feb-15 — —
8,451 — $25.80 6-Feb-15 — —
15,531 — $15.24 4-Feb-16 — —
12,692 — $14.49 3-Feb-17 — —
12,185 — $15.51 2-Feb-18 — —
— 6,873(1) $13.06 15-Feb-19 5,268(1) $ 69,959
— 7,045(2) $13.24 13-Feb-20 5,326(2) $ 70,729
— 14,275(3) $12.10 18-Feb-21 5,974(3) $ 79,335
(1) Awards scheduled to vest on February 15, 2015.
(2) Awards scheduled to vest on February 13, 2016.
(3) Awards scheduled to vest on February 18, 2017.
(4) Awards scheduled to vest on May 15, 2017.
(5) By agreement approved by the Compensation Committee, all option awards held by Mr. Holt with option expiration dates
after April 1, 2017 were modified to have an option expiration date of April 1, 2017.
(6) 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.
(7) Based on market closing price per share of Common Stock of $13.28 on December 31, 2014.
Option Exercises and Stock Vested
Stock options exercised and restricted stock units that vested for the Executives during the year
ended December 31, 2014 are outlined below.
Option Awards Stock Awards
(b) (c) (d) (e)
Number of Shares Value Realized Number of Shares Value Realized
(a) Acquired On Exercise on Exercise Acquired on Vesting on Vesting
Name (#)(1) ($) (#)(2) ($)
Jerry C. Atkin ................ — — 19,342 $251,639
Russell A. Childs .............. — — 9,826 $127,836
Wade J. Steel ................ — — 2,012 $ 26,176
Bradford R. Rich .............. — — 11,605 $150,981
Michael B. Thompson .......... — — 2,696 $ 35,074
Bradford R. Holt .............. — — 48,028 $410,149
Michael J. Kraupp ............. — — 4,020 $ 52,300
(1) No stock options were exercised by Executives during the year ended December 31, 2014.
(2) By separation agreement approved by the Compensation Committee, Mr. Holt’s outstanding
restricted stock units vested at his retirement.
Non-Qualified Deferred Compensation for 2014
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
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