SkyWest Airlines 2015 Annual Report Download - page 140
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38
(6) Awards Scheduled to vest September 9, 2018.
(7) Stock options granted expire seven years from date of grant.
(8) Based on market closing price per share of Common Stock of $19.02 on December 31, 2015.
Option Exercises and Stock Vested
Stock options exercised and restricted stock units that vested for the Executives during the year ended
December 31, 2015 are outlined below.
Option Awards Stock Awards
(b) (c) (d) (e)
Number of Shares Value Realized Number of Shares Value Realized
(a) Acquired On Exercise on Exercise Acquired on Vesting on Vesting
Name (#) ($) (#) ($)
Jerry C. Atkin ............................ 99,124 $ 408,154 24,119 $ 333,807
Russell A. Childs ......................... 51,024 $ 228,873 12,253 $ 169,582
Wade J. Steel ............................ 9,584 $ 49,927 3,582 $ 49,575
Robert J. Simmons ....................... — $ — — $ —
Michael B. Thompson ..................... 31,454 $ 149,833 3,422 $ 47,360
Terry M. Vais ............................ 17,289 $ 63,962 3,692 $ 51,097
Non-Qualified Deferred Compensation for 2015
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 2015 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