SEC Form 4 · accession 0000092380-17-000024
SOUTHWEST AIRLINES CO · LUV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark R Shaw
Officer — SVP,Gen Counsel,Corp.Secretary
Period of report
Feb 1, 2017
Accepted (ET)
Feb 3, 2017 · 5:23 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 | 4,512 | $0.00 | A | 9,738 | D | |
| Common StockF2 | Feb 1, 2017 | A | 4,978 | $0.00 | A | 14,716 | D | |
| Common StockF3 | holding | — | — | — | 789 | I | By ProfitSharing Plan |
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.
- F3Holdings reflect exempt transactions under the Issuer's ProfitSharing Plan.