SEC Form 4 · accession 0000092380-17-000014
SOUTHWEST AIRLINES CO · LUV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary C Kelly
Officer — Chairman of the Board & CEO · Director
Period of report
Feb 1, 2017
Accepted (ET)
Feb 3, 2017 · 4:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092380
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 1, 2017 | A | 60,208 | $0.00 | A | 565,327 | D | |
| Common StockF2 | Feb 1, 2017 | A | 59,738 | $0.00 | A | 625,065 | D | |
| Common StockF3 | holding | — | — | — | 69,883 | I | By Family Trust | |
| Common StockF4 | holding | — | — | — | 69,891 | I | By Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects 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 May 14, 2017, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.
- F2Reflects 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, 2018, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.
- F3These shares are held in trust for the reporting person and his descendants. The reporting person is trustee of the trust.
- F4These shares are held in trust for the benefit of the reporting person's spouse and descendants. The reporting person's spouse is trustee of the trust.