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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8 )*
SkyWest, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
830879 10 2
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 6 Pages
<PAGE>
CUSIP No. 830879 10 2 Page 2 of 6 Pages
13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sidney J. Atkin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
192,451 (includes options to purchase 2,000 shares)
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 323,356
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 192,451 (includes options to purchase 2,000 shares)
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
323,356
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
515,807
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.0%
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12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 830879 10 2 Page 3 of 6 Pages
13G
Item 1.
(a) Name of Issuer: SkyWest, Inc.
(b) Address of Issuer's Principal Executive Offices: 444 South River
Road, St. George, UT 84790
Item 2.
(a) Name of Person Filing: Sidney J. Atkin (the "Reporting Person")
(b) Address of Principal Business Office: 685 South Oakridge Drive,
Pine Valley, UT 84781
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, No Par Value (the
"Common Stock")
(e) CUSIP Number: 830879 10 2
Item 3.
This statement is not filed pursuant to Rule 13d-1(b) or 13d-2(b).
Item 4. Ownership
(a) Amount Beneficially owned: 515,807 shares, which includes options
that are currently exercisable for 2,000 shares of the Common Stock
(b) Percent of Class owned: 5.0%
(c) Number of shares as to which the Reporting Person has:
(i) sole power to vote or to direct the vote: As of December 31,
1997, the Reporting Person had sole power to vote or to direct
the vote of 192,451 shares, which included 2,000 shares
underlying currently exercisable options and 186,790 shares
held by the Reporting Person as the trustee of a family trust.
(ii) shared power to vote or to direct the vote: As of December 31,
1997, the Reporting Person shared the power to vote or to
direct the vote of 323,356 shares, which included (i) 9,000
shares held by the Reporting Person's spouse, the voting power
of which the Reporting Person may be deemed to share with his
spouse, (ii) 307,500 shares held by the Reporting Person and
his spouse as the general partners of a family limited
<PAGE>
CUSIP No. 830879 10 2 Page 4 of 6 Pages
13G
partnership and (iii) 6,856 shares held by the Reporting
Person and his brother as the trustees of trusts for the
benefit of the children of a nephew.
(iii) sole power to dispose or to direct the disposition of: As of
December 31, 1997, the Reporting Person had sole power to
dispose or to direct the disposition of 192,451 shares, which
included 2,000 shares underlying currently exercisable options
and 186,790 shares held by the Reporting Person as the trustee
of a family trust.
(iv) shared power to dispose or to direct the disposition of:
As of December 31, 1997, the Reporting Person shared the power
to dispose or to direct the disposition of 323,356 shares,
which included (i) 9,000 shares held by the Reporting Person's
spouse, the dispositive power of which the Reporting Person
may be deemed to share with his spouse, (ii) 307,500 shares
held by the Reporting Person and his spouse as the general
partners of a family limited partnership and (iii) 6,856
shares held by the Reporting Person and his brother as the
trustees of trusts for the benefit of the children of a
nephew.
The filing of this Amendment No. 8 to Schedule 13G shall not be
construed as an admission that the Reporting Person, for purposes of
Section 13(d) and 13(g) of the Securities Exchange Act of 1934, is
the beneficial owner of all of the securities covered by this
Schedule 13G.
Item 5. Ownership of Five Percent or Less of a Class
This statement is being filed to report the fact that as of the date
hereof the Reporting Person has ceased to be the beneficial owner of more
than five percent of the class of securities.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
<PAGE>
CUSIP No. 830879 10 2 Page 5 of 6 Pages
13G
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
<PAGE>
CUSIP No. 830879 10 2 Page 6 of 6 Pages
13G
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATED: February 5 , 1998
By /s/ SIDNEY J. ATKIN
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Sidney J. Atkin
