UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13-G
Under the Securities Exchange Act of 1934
Name of Issuer: Skywest Inc.
Title Class of Securities: Common Stock
CUSIP Number: 830879102
CUSIP No. 830879102
1. NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
State Board of Administration of Florida
Florida Retirement System - Federal ID # 59-6001872
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Florida Retirement System (Pension Fund)
[ ] a
[ ] b
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
1801 Hermitage Boulevard, Suite 100
P.O. Box 13300
Tallahassee, FL 32317-3300
5. SOLE VOTING POWER
1,766,600 Shares
6. SHARED VOTING POWER
N/A
7. SOLE DISPOSITIVE POWER
1,766,600 Shares
8. SHARED DISPOSITIVE POWER
N/A
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,766,600 Shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.11 percent
12. TYPE OF REPORTING PERSON
EP (Employee Benefit Plan, Pension Fund, or Endowment Fund)
GENERAL INSTRUCTIONS
A. Statements containing the information required by this
schedule shall be filed not later than February 14
following the calendar year covered by the statement
or within the time specified in rule 13d-1(b)(2), if
applicable.
B. Information contained in a form which is required to be filed
by rules under section 13(f) (15 U.S.C. 78 m(f)) for the same
calendar year as that covered by a statement on this schedule
may be incorporated by reference in response to any of the
items of this schedule. If such information is incorporated
by reference in this schedule, copies of relevant pages of
such form shall be filed as an exhibit to this schedule.
C. The item numbers and captions of the items shall be included
but the text of the items is to be omitted. The answers to
the items shall be so prepared as to indicate clearly the
coverage of the items without referring to the text of
the items. Answer every item. If an item is inapplicable
or the answer is in the negative, so state.
Item 1.
(a) Name of Issuer
(b) Address of Issuer's Principal Executive Offices
Item 2.
(a) Name of Person Filing
(b) Address of Principal Business Office, or if none, Residence
(c) Citizenship
(d) Title of Class of Securities
(e) CUSIP Number
Item 3.If this statement is filed pursuant to s. 240.13d-1(b),
or 240.13d-2(b) or (c) check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19)
of the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) [ ] An investment advisor in accordance with section
240.13d-(b)(1)(ii)(E);
(f) [X] An employee benefit plan or endowment fund in accordance
with s. 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company or control person in accordance
with s. 240.13d-1(b)(ii)(G)
(h) [ ] A savings associations as defined in Section 3(b)
of the Federal Deposit Insurance act (12 USC 1813)
(i)[ ] A church plan that is excluded from the definition
of an investment company under section 3(c)(14)of the
Investment Company Act of 1940 (15 USC 80a-3)
(j) [ ] Group, in accordance with s.240.13d-1(b)(1)(ii)(J)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the
year covered by the statement, or as of the last day of any
month described in Rule 13d-1(b)(2), if applicable, exceeds
five percent, provide the following information as of that
date and identify those shares which there is a right
to acquire.
(a) Amount Beneficially Owned
(b) Percent of Class
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii)sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition
of
Item 5. Ownership of Five Percent or Less of a Class
(a) If this statement is being filed to report the fact that as of
the date thereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following:
[x]
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
If any other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds
from the sale of, such securities, a statement to that effect
should be included in response to this item and, if such
interest relates to more than five percent of the class,
such person should be identified. A listing of the shareholders
of an investment company registered under the Investment
Company Act of 1940 or the beneficiaries of employee benefit
plan, pension fund, or endowment fund is not required.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
If a parent holding company has filed this schedule, pursuant
to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g)and
attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a
parent holding company has filed this schedule pursuant
to Rule 13d-1(c), attach an exhibit stating the
identification of the relevant subsidiary.
Item 8. Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to Rule 13d-
1(b)(ii)(H), so indicate under Item 3(h) and attach an
exhibit stating the identity and Item 3 classification
of each member of the group. If a group has filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit
stating the identity of each member of the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of group may be furnished as an exhibit
stating the date of dissolution and that all further filings
with respect to transactions in the security reported on will
be filed, if required, by members of the group, in their
individual capacity. See Item 5.
Item 10. Certification
The following certification shall be included if the
statement is filed pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of
such securities and were not acquired in connection with
or as a participant in any transaction having such
purposes or effect.
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.
Date: February 7, 2002
Signature: Tom Herndon
Name/Title: Tom Herndon, Executive Director