X0306 4 2020-01-29 0000092380 SOUTHWEST AIRLINES CO LUV 0001710592 Watterson Andrew M SOUTHWEST AIRLINES CO. 2702 LOVE FIELD DRIVE DALLAS TX 75235 0 1 0 0 EVP & Chief Commercial Officer Common Stock 2020-01-29 4 A 0 9771 0 A 40973 D Common Stock 2020-01-29 4 A 0 18149 0 A 59122 D Reflects the exempt acquisition of restricted stock units upon the satisfaction of performance criteria underlying an award of performance-based restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest on February 21, 2020, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests. Reflects the exempt acquisition of restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest with respect to one-third of the shares covered thereby annually, beginning on February 21, 2021, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests. /s/ Tim Whisler, on behalf of and as attorney-in-fact for Andrew M. Watterson 2020-01-31