SkyWest Airlines 2015 Annual Report Download - page 138

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36
insurance premiums; $12,000 for a personal vehicle lease; $5,155 for personal use of the Company’s recreational
equipment; and $1,835 in discretionary matching contributions under the SkyWest 401(k) Plan.
(14) All other compensation for Mr. Thompson for 2014 consists of: $34,990 of employer credits under the SkyWest
Deferred Compensation Plan attributable to compensation earned for 2014; $5,132 in employer-paid health
insurance premiums; $6,000 for a personal vehicle lease; $5,943 for personal use of the Company’s recreational
equipment; and $1,418 in discretionary matching contributions under the SkyWest 401(k) Plan.
(15) All other compensation for Mr. Vais for 2015 consists of: $42,972 of employer credits under the ExpressJet
Deferred Compensation Plan attributable to compensation earned for 2015; $4,840 in employer-paid health
insurance premiums; and $3,600 for a personal vehicle lease.
Grants of Plan-Based Awards For 2015
The following table provides information about non-equity based and equity-based plan awards granted to the
Executives for the year ended December 31, 2015:
(a) (b) (c) (d) (e) (f) (g) (h)
Estimated
Possible
Payouts Stock Option
Under Awards: Stock Awards:
Non-Equity Number of Awards: Number of Exercise
Incentive Performance Number o
f
Securities Price of
Plan Awards Shares Shares Underlying Options Grant Date
Target of Stock of Stock Options Awards Full Fair
Name Grant Date ($) (# shares) (# shares) (# shares) ($S/share)(1) Value(2)
Jerry C. Atkin ............ 17-Feb-2015 (3) (4) $ 430,800 31,887 31,887 48,332 $ 13.51 $ 1,077,000
Russell A. Childs .......... 17-Feb-2015 (3) (4) $ 330,000 24,426 24,426 37,023 $ 13.51 $ 825,000
Wade J. Steel ............. 17-Feb-2015 (3) (4) $ 192,000 12,791 12,791 19,386 $ 13.51 $ 432,000
Robert J. Simmons ......... 2-Apr-2015 (3) (4) $ 180,000 15,988 15,988 24,233 $ 14.12 $ 627,535
Michael B. Thompson ......
17-Feb-2015 (3) (4) $ 172,240 11,474 11,474 17,391 $ 13.51 $ 387,540
Terry M. Vais ............ 17-Feb-2015 & 8-Sep-2015 (3) (4) $ 112,997 6,873 6,873 10,418 $ 13.51 / $ 17.25 $ 254,293
(1) The exercise price of the options of $13.51 per share for the February 17, 2015 grant date, and $14.12 per share for
the April 2, 2015 grant date and $17.25 per share for the September 8, 2015 grant date is the market closing price of
the Common Stock on the date of grant.
(2) Column (h) shows the full grant date fair market value of the options granted in 2015 as computed under ASC Topic
718 and the expense attributable to restricted stock unit awards granted in 2015 and the expense attributable to the
performance shares awards at the 100% target threshold (excluding the effect of estimates for forfeitures).
Assumptions and methodologies used in the calculation of these amounts are included in footnotes to the
Company’s audited financial statements for the year ended December 31, 2015, which are included in the
Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.
(3) On February 17, 2015, April 2, 2015 and September 8, 2015, the Company granted stock options, restricted stock
units and performance shares pursuant to the 2010 Plan and approved the target annual performance bonuses for
2015. The number of shares underlying each Executive’s stock option grant earned in 2015, which vest one third at
each annual anniversary of the date of grant over a three year period, is listed in column (f). The number of shares of
Common Stock underlying each restricted stock unit award earned for year 2015 and payable in 2018 is shown in
column (e). The number of shares of Common Stock underlying each performance shares award at the 100% target
threshold earned throughout 2015-2017 and payable in 2018 is shown in column (d). All of the long-term incentive
awards included in columns (d) through (f), with the exception of the stock options included in column (f) which
vest one third at each annual anniversary of the date of grant over a three year period, vest on the third anniversary
of the date of grant (with earlier acceleration upon a change in control of the Company).