SEC Form 4 · accession 0000092380-17-000044
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 21, 2017
Accepted (ET)
Feb 23, 2017 · 7:24 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 Stock | Feb 21, 2017 | F | 5,609 | $57.86 | D | 619,456 | D | |
| Common Stock | Feb 21, 2017 | F | 9,872 | $57.86 | D | 609,584 | D | |
| Common Stock | Feb 22, 2017 | M | 100,000 | $6.75 | A | 709,584 | D | |
| Common Stock | Feb 22, 2017 | F | 1,736 | $57.57 | D | 707,848 | D | |
| Common Stock | Feb 22, 2017 | S | 300 | $57.15 | D | 707,548 | D | |
| Common Stock | Feb 22, 2017 | S | 500 | $57.16 | D | 707,048 | D | |
| Common Stock | Feb 22, 2017 | S | 100 | $57.17 | D | 706,948 | D | |
| Common Stock | Feb 22, 2017 | S | 200 | $57.18 | D | 706,748 | D | |
| Common Stock | Feb 22, 2017 | S | 600 | $57.19 | D | 706,148 | D | |
| Common Stock | Feb 22, 2017 | S | 200 | $57.20 | D | 705,948 | D | |
| Common Stock | Feb 22, 2017 | S | 96 | $57.21 | D | 705,852 | D | |
| Common Stock | Feb 22, 2017 | S | 3,604 | $57.22 | D | 702,248 | D | |
| Common Stock | Feb 22, 2017 | S | 200 | $57.225 | D | 702,048 | D | |
| Common Stock | Feb 22, 2017 | S | 780 | $57.23 | D | 701,268 | D | |
| Common Stock | Feb 22, 2017 | S | 300 | $57.231 | D | 700,968 | D | |
| Common Stock | Feb 22, 2017 | S | 100 | $57.235 | D | 700,868 | D | |
| Common Stock | Feb 22, 2017 | S | 2,020 | $57.24 | D | 698,848 | D | |
| Common Stock | Feb 22, 2017 | S | 1,000 | $57.25 | D | 697,848 | D | |
| Common Stock | Feb 22, 2017 | S | 100 | $57.254 | D | 697,748 | D | |
| Common Stock | Feb 22, 2017 | S | 900 | $57.26 | D | 696,848 | D | |
| Common Stock | Feb 22, 2017 | S | 100 | $57.261 | D | 696,748 | D | |
| Common Stock | Feb 22, 2017 | S | 3,279 | $57.27 | D | 693,469 | D | |
| Common Stock | Feb 22, 2017 | S | 200 | $57.271 | D | 693,269 | D | |
| Common Stock | Feb 22, 2017 | S | 1,921 | $57.28 | D | 691,348 | D | |
| Common Stock | Feb 22, 2017 | S | 200 | $57.281 | D | 691,148 | D | |
| Common Stock | Feb 22, 2017 | S | 3,700 | $57.29 | D | 687,448 | D | |
| Common Stock | Feb 22, 2017 | S | 400 | $57.291 | D | 687,048 | D | |
| Common Stock | Feb 22, 2017 | S | 500 | $57.295 | D | 686,548 | D | |
| Common StockF1 | holding | — | — | — | 69,883 | I | By Family Trust | |
| Common StockF2 | holding | — | — | — | 69,891 | I | By Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $6.75 | Feb 22, 2017 | M | 100,000 | D | — | Feb 1, 2019 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1These shares are held in trust for the reporting person and his descendants. The reporting person is trustee of the trust.
- F2These 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.
- F3The option was 100% vested at the time of exercise.
Remarks
Form 1 of 5