SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
QUANTUM INDUSTRIAL PARTNERS LDC ET AL

(Last) (First) (Middle)
KAYA FLAMBOYAN 9
WILLEMSTAD, CURACAO

(Street)
NETHERLANDS ANTILLES

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
JETBLUE AIRWAYS CORP [ JBLU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/09/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/09/2004 S 2,001 D $24.3767 11,441,740(1) D
Common Stock 12/09/2004 S 36,302 D $24.38 11,405,438(1) D
Common Stock 12/09/2004 S 6,735 D $24.3801 11,398,703(1) D
Common Stock 12/09/2004 S 1,667 D $24.3804 11,397,036(1) D
Common Stock 12/09/2004 S 1,467 D $24.3805 11,395,569(1) D
Common Stock 12/09/2004 S 4,201 D $24.3808 11,391,368(1) D
Common Stock 12/09/2004 S 1,667 D $24.3812 11,389,701(1) D
Common Stock 12/09/2004 S 3,001 D $24.3856 11,386,700(1) D
Common Stock 12/09/2004 S 3,334 D $24.3884 11,383,366(1) D
Common Stock 12/09/2004 S 16,177 D $24.39 11,367,189(1) D
Common Stock 12/09/2004 S 1,934 D $24.3914 11,365,255(1) D
Common Stock 12/09/2004 S 1,734 D $24.3919 11,363,521(1) D
Common Stock 12/09/2004 S 6,669 D $24.399 11,356,852(1) D
Common Stock 12/09/2004 S 12,137 D $24.4 11,344,715(1) D
Common Stock 12/09/2004 S 333 D $24.405 11,344,382(1) D
Common Stock 12/09/2004 S 1,000 D $24.41 11,343,382(1) D
Common Stock 12/09/2004 S 200 D $24.42 11,343,182(1) D
Common Stock 12/09/2004 S 9,149 D $24.45 11,334,033(1) D
Common Stock 12/09/2004 S 20,008 D $24.46 11,314,025(1) D
Common Stock 12/09/2004 S 67 D $24.4609 11,313,958(1) D
Common Stock 12/09/2004 S 2,734 D $24.468 11,311,224(1) D
Common Stock 12/09/2004 S 11,721 D $24.47 11,299,503(1) D
Common Stock 12/09/2004 S 1,067 D $24.49 11,298,436(1) D
Common Stock 12/09/2004 S 21,940 D $24.5 11,276,496(1) D
Common Stock 12/10/2004 S 8,210 D $24 11,268,286(1) D
Common Stock 12/10/2004 S 1,200 D $24.01 11,267,086(1) D
Common Stock 12/10/2004 S 2,534 D $24.0111 11,264,552(1) D
Common Stock 12/10/2004 S 3,334 D $24.0212 11,261,218(1) D
Common Stock 12/10/2004 S 3,460 D $24.05 11,257,758(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
QUANTUM INDUSTRIAL PARTNERS LDC ET AL

(Last) (First) (Middle)
KAYA FLAMBOYAN 9
WILLEMSTAD, CURACAO

(Street)
NETHERLANDS ANTILLES

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
QIH MANAGEMENT INVESTOR LP

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
QIH MANAGEMENT LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
SOROS FUND MANAGEMENT LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE
33RD FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Quantum Industrial Partners LDC is an exempted limited duration company formed under the laws of the Cayman Islands ("QIP"). QIH Management Investor, L.P., an investment advisory firm organized as a Delaware limited partnership ("QIHMI"), is a minority shareholder of, and is vested with investment discretion with respect to portfolio assets held for the account of, QIP. The sole general partner of QIHMI is QIH Management LLC, a Delaware limited liability company ("QIH Management"). Soros Fund Management LLC, a Delaware limited liability company ("SFM"), is the sole managing member of QIH Management.
Remarks:
The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of any securities not held directly for its account for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise.
John F. Brown, as Attorney-in-Fact for Quantum Industrial Partners LDC 12/13/2004
John F. Brown, as Assistant General Counsel of Soros Fund Management LLC, which is the Managing Member of QIH Management LLC, which is the General Partner of QIH Management Investor, L.P. 12/13/2004
John F. Brown, as Assistant General Counsel of Soros Fund Management LLC, which is the Managing Member of QIH Management LLC 12/13/2004
John F. Brown, as Assistant General Counsel of Soros Fund Management LLC 12/13/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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