SkyWest Airlines 2015 Annual Report Download - page 144

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42
of the Common Stock on the last trading day of 2015 ($19.02 per share) and, in the case of stock options, by then
subtracting the applicable option exercise price:
Early Vesting
Early Vesting Early Vesting
Early Vesting
Name
of Stock Options
of Restricted Stock Units of Performance Shares
of Performance Units
Jerry C. Atkin . . . . . . . . . . $ 1,380,545 $ 1,590,586 $ 606,491 $ 595,325
Russell A. Childs . . . . . . . $ 771,928 $ 1,033,185 $ 464,583 $ 350,555
Wade J. Steel . . . . . . . . . . $ 219,091 $ 481,872 $ 243,285 $ 152,895
Robert J. Simmons . . . . . $ 118,742 $ 304,092 $ 304,092 $ —
Michael B. Thompson . . . $ 202,210 $ 443,965 $ 218,235 $ 144,810
Terry M. Vais . . . . . . . . . . $ 169,999 $ 282,428 $ 130,724 $ 91,880
If a change in control with respect to the Company results in acceleration of vesting of an Executive’s otherwise
unvested stock options, unvested restricted stock units, performance shares or performance unit awards payable in cash,
and if the value of such acceleration equals or exceeds three times the Executive’s average W-2 compensation with the
Company for the five taxable years preceding the year of the change in control (the “Base Period Amount”), the
acceleration would result in an excess parachute payment under Code Section 280G. An Executive would be subject to a
20% excise tax on any such parachute payment in excess of the Base Period Amount, and the Company would be unable
to deduct the amount of the parachute payment in excess of the Base Period Amount for tax purposes. The Company has
not agreed to provide its Executives with any gross-up or reimbursement for excise taxes imposed on excess parachute
payments.
Deferred Compensation. If the employment of an Executive were terminated on December 31, 2015, the
Executive would have become entitled to receive the balance in his account under the applicable deferred compensation
plan. Distribution would be made in the form of a lump sum or in installments, and in accordance with the distributions
schedule elected by the Executive under the applicable plan. The 2015 year-end account balances under those plans are
shown in column (e) in the applicable Non-qualified Deferred Compensation Tables set forth above. An Executive’s
account balance would continue to be credited with notational investment earnings or losses through the date of actual
distribution.