SkyWest Chmn. sells shares

Reply Subscribe

Thread Tools

Search this Thread

01-05-2007, 02:10 PM

Gordon C

Gets Weekends Off

Thread Starter

Joined APC: Feb 2005

Position: 737 Capt

Posts: 219

SkyWest Chmn. sells shares

SkyWest chairman sells shares

BusinessWeek
NEW YORK

The chairman of regional airline SkyWest Inc. sold 10,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filing with the SEC, Jerry C. Atkin reported he sold the shares Wednesday for $26.13 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

SkyWest is based in St. George, Utah.

01-05-2007, 02:45 PM

mccube5

Gets Weekends Off

Joined APC: Sep 2005

Posts: 722

whats the point?

01-05-2007, 03:09 PM

hatetobreakit2u

Banned

Joined APC: Apr 2006

Position: FO dhc-6

Posts: 523

there about to tank! theyve been funding everything on drug money and now that brazil hates the US they convinced colombia to stop supplying us as well and now skywest cant keep operating super cheaply.

i have no idea

01-05-2007, 07:37 PM

fosters

Gets Weekends Off

Joined APC: Nov 2005

Posts: 1,425

Quote:

Originally Posted by mccube5

whats the point?

Jerry's cashed out $1.3 million in the past 3 months. That's the only selling he's done in the past year. It's possible the insiders think the stock price has peaked. But him alone selling stock isn't a big indicator, IMO. His options could just be coming up due. I wouldn't put much stock in it, yet.