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*
KELLY GARY C

(Last) (First) (Middle)
SOUTHWEST AIRLINES CO.
2702 LOVE FIELD DRIVE

(Street)
DALLAS TX 75235-1908

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [ LUV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
COB, Pres., & CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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 05/20/2014 S 100 D $24.901 822,160 D
Common Stock 05/20/2014 S 300 D $24.902 821,860 D
Common Stock 05/20/2014 S 700 D $24.905 821,160 D
Common Stock 05/20/2014 S 100 D $24.908 821,060 D
Common Stock 05/20/2014 S 1,745 D $24.91 819,315 D
Common Stock 05/20/2014 S 9,155 D $24.911 810,160 D
Common Stock 05/20/2014 S 1,200 D $24.912 808,960 D
Common Stock 05/20/2014 S 3,500 D $24.915 805,460 D
Common Stock 05/20/2014 S 600 D $24.918 804,860 D
Common Stock 05/20/2014 S 2,000 D $24.92 802,860 D
Common Stock 05/20/2014 S 600 D $24.921 802,260 D
Common Stock 05/20/2014 S 261 D $24.922 801,999 D
Common Stock 05/20/2014 S 1,600 D $24.925 800,399 D
Common Stock 05/20/2014 S 5,576 D $24.93 794,823 D
Common Stock 05/20/2014 S 124 D $24.931 794,699 D
Common Stock 05/20/2014 S 400 D $24.932 794,299 D
Common Stock 05/20/2014 S 2,400 D $24.935 791,899 D
Common Stock 05/21/2014 S 300 D $25.03 791,599 D
Common Stock 05/21/2014 S 100 D $25.031 791,499 D
Common Stock 05/21/2014 S 400 D $25.04 791,099 D
Common Stock 05/21/2014 S 100 D $25.042 790,999 D
Common Stock 05/21/2014 S 1,100 D $25.05 789,899 D
Common Stock 05/21/2014 S 500 D $25.052 789,399 D
Common Stock 05/21/2014 S 2,800 D $25.06 786,599 D
Common Stock 05/21/2014 S 300 D $25.061 786,299 D
Common Stock 05/21/2014 S 800 D $25.062 785,499 D
Common Stock 05/21/2014 S 6,041 D $25.07 779,458 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
Explanation of Responses:
Remarks:
Form 1 of 2
/s/ Tim Whisler, on behalf of and as attorney-in-fact for Gary C. Kelly 05/22/2014
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.