FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/18/2010 |
3. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [ LUV ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 1,527 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (Right to Buy) | (1) | 01/20/2015 | Common Stock | 1,753 | $14.25 | D | |
Employee Stock Option (Right to Buy) | (2) | 07/08/2015 | Common Stock | 18,200 | $13.76 | D | |
Employee Stock Option (Right to Buy) | (1) | 12/31/2015 | Common Stock | 5,000 | $16.43 | D | |
Employee Stock Option (Right to Buy) | (3) | 02/06/2016 | Common Stock | 27,300 | $16.47 | D | |
Employee Stock Option (Right to Buy) | (1) | 03/17/2016 | Common Stock | 10,000 | $17.53 | D | |
Employee Stock Option (Right to Buy) | (4) | 01/31/2018 | Common Stock | 30,000 | $12.18 | D | |
Employee Stock Option (Right to Buy) | (5) | 02/01/2019 | Common Stock | 50,000 | $6.75 | D |
Explanation of Responses: |
1. The option is currently fully exercisable. |
2. The option is currently exercisable with respect to 5,600 shares and will become exercisable with respect to the remainder of the shares as follows: 1,960 on July 8, 2010; 2,240 on July 8, 2011; 2,520 on July 8, 2012; 2,800 on July 8, 2013; and 3,080 on July 8, 2014. |
3. The option is currently exercisable with respect to 8,400 shares and will become exercisable with respect to the remainder of the shares as follows: 2,940 on February 6, 2011; 3,360 on February 6, 2012; 3,780 on February 6, 2013; 4,200 on February 6, 2014; and 4,620 on February 6, 2015. |
4. The option is currently exercisable with respect to 20,000 shares and will become exercisable with respect to the remaining 10,000 shares on February 1, 2011. |
5. The option will become exercisable with respect to 25,000 shares on each of February 2, 2010, and February 2, 2011. |
Remarks: |
Marilyn R. Post, on behalf of and as attorney-in-fact for Jeff Lamb | 05/21/2010 | |
** 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 5 (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. |