SKYW » Topics » ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

These excerpts taken from the SKYW 10-K filed Feb 27, 2008.

ITEM 5.    MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Price for Our Common Stock

        Our common stock is traded on The Nasdaq National Market under the symbol "SKYW." At February 18, 2008, there were approximately 1,080 stockholders of record. Securities held of record do not include shares held in securities position listings. The following table sets forth the range of high and low closing sales prices for our common stock, during the periods indicated.

 
  2007
  2006
Quarter

  High
  Low
  High
  Low
First   $ 28.43   $ 24.70   $ 29.79   $ 26.02
Second     28.17     23.83     29.46     21.46
Third     25.44     21.94     25.99     22.12
Fourth     28.99     23.75     28.05     24.60

        The transfer agent for our common stock is Zions First National Bank, Salt Lake City, Utah.

Dividends

        During 2007 and 2006, our Board of Directors declared regular quarterly dividends of $0.03 per share. On November 6, 2007, our Board of Directors declared a regular quarterly cash dividend of $0.03 per share payable to stockholders of record on December 31, 2007 and paid the dividend on January 4, 2008.

Securities Authorized for Issuance Under Equity Compensation Plans

        The following table contains information regarding our equity compensation plans as of December 31, 2007.

Plan Category
  Number of Securities to be
Issued upon Exercise of
Outstanding Options,
Warrants and Rights

  Weighted-Average
Exercise Price of
Outstanding Options,
Warrants and Rights

  Number of Securities
Remaining Available for
Future Issuance under
Equity Compensation
Plans (Excluding
Securities Reflected in
the First Column)

Equity compensation plans approved by security holders(1)   4,681,915   $ 20.01   5,514,485

(1)
Consists of our Executive Stock Incentive Plan, our All Share Stock Option Plan, our SkyWest Inc. Long Term Incentive Plan, and our Employee Stock Purchase Plan. See Note 5 to our Consolidated Financial Statements for the fiscal year ended December 31, 2007, included in Item 8 of this Report, for additional information regarding these plans.

Purchases of Equity Securities

        Our Board of Directors has adopted a stock repurchase program which authorizes us to repurchase shares of our common stock in the public market, from time to time, at prevailing prices. The stock repurchase program authorizes the repurchase of up to 10 million shares of our common

29



stock. The following table summarizes our purchases under the stock repurchase program for the three months ended December 31, 2007:

Period
  Total Number of
Shares Purchased

  Average Price
Paid Per Share

  Total Number of Shares
Purchased as Part of a
Publicly Announced
Program(1)

  Maximum Number
of Shares that May
Yet Be Purchased
Under the Program

October 1 - October 31, 2007   276,800   $ 26.50   276,800   5,563,058
November 1 - November 30, 2007   326,000     25.93   326,000   5,237,058
December 1 - December 31, 2007   237,058     26.80   237,058   5,000,000
   
 
 
 
Total   839,858   $ 26.36   839,858   5,000,000
   
 
 
 

(1)
Under resolutions adopted in February 2007 and November 2007, our Board of Directors authorized the repurchase of 10,000,000 shares of our common stock. Purchases are made at management's discretion based on market conditions and the Company's financial resources. As of December 31, 2007, we had spent approximately $126.0 million to purchase and retire approximately 5,000,000 shares of common stock. The authorization of Board of Directors does not have an expiration date.



ITEM 5.    MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES



Market Price for Our Common Stock



        Our common stock is traded on The Nasdaq National Market under the symbol "SKYW." At February 18, 2008, there were approximately 1,080 stockholders of
record. Securities held of record do not include shares held in securities position listings. The following table sets forth the range of high and low closing sales prices for our common stock, during
the periods indicated.





















































































 
 2007
 2006
Quarter

 High
 Low
 High
 Low
First $28.43 $24.70 $29.79 $26.02
Second  28.17  23.83  29.46  21.46
Third  25.44  21.94  25.99  22.12
Fourth  28.99  23.75  28.05  24.60




        The
transfer agent for our common stock is Zions First National Bank, Salt Lake City, Utah.



Dividends



        During 2007 and 2006, our Board of Directors declared regular quarterly dividends of $0.03 per share. On November 6, 2007, our Board of Directors declared
a regular quarterly cash dividend of $0.03 per share payable to stockholders of record on December 31, 2007 and paid the dividend on January 4, 2008.




Securities Authorized for Issuance Under Equity Compensation Plans



        The following table contains information regarding our equity compensation plans as of December 31, 2007.
























Plan Category
 Number of Securities to be

Issued upon Exercise of

Outstanding Options,

Warrants and Rights

 Weighted-Average

Exercise Price of

Outstanding Options,

Warrants and Rights

 Number of Securities

Remaining Available for

Future Issuance under

Equity Compensation

Plans (Excluding

Securities Reflected in

the First Column)

Equity compensation plans approved by security holders(1) 4,681,915 $20.01 5,514,485






(1)
Consists
of our Executive Stock Incentive Plan, our All Share Stock Option Plan, our SkyWest Inc. Long Term Incentive Plan, and our Employee Stock Purchase Plan. See
Note 5 to our Consolidated Financial Statements for the fiscal year ended December 31, 2007, included in Item 8 of this Report, for additional information regarding these plans.


Purchases of Equity Securities



        Our Board of Directors has adopted a stock repurchase program which authorizes us to repurchase shares of our common stock in the public market, from time to
time, at prevailing prices. The stock repurchase program authorizes the repurchase of up to 10 million shares of our common



29











stock.
The following table summarizes our purchases under the stock repurchase program for the three months ended December 31, 2007:






















































































Period
 Total Number of

Shares Purchased

 Average Price

Paid Per Share

 Total Number of Shares

Purchased as Part of a

Publicly Announced

Program(1)

 Maximum Number

of Shares that May

Yet Be Purchased

Under the Program

October 1 - October 31, 2007 276,800 $26.50 276,800 5,563,058
November 1 - November 30, 2007 326,000  25.93 326,000 5,237,058
December 1 - December 31, 2007 237,058  26.80 237,058 5,000,000
  
 
 
 
Total 839,858 $26.36 839,858 5,000,000
  
 
 
 






(1)
Under
resolutions adopted in February 2007 and November 2007, our Board of Directors authorized the repurchase of 10,000,000 shares of our common stock. Purchases are made at
management's discretion based on market conditions and the Company's financial resources. As of December 31, 2007, we had spent approximately $126.0 million to purchase and retire
approximately 5,000,000 shares of common stock. The authorization of Board of Directors does not have an expiration date.




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2008
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki