SOUTHWEST AIRLINES CO - Director's Dealing 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHWEST AIRLINES CO (LUV)
CIK: 0000092380
Period of Report: 2012-12-05

Reporting Person: Lamb Jeff (EVP, Chief People & Admin Off.)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-05	Common Stock	M	25000	$6.75	Acquired	208058	Direct
2012-12-05	Common Stock	S	1479	$9.683	Disposed	206579	Direct
2012-12-05	Common Stock	S	1121	$9.68	Disposed	205458	Direct
2012-12-05	Common Stock	S	200	$9.681	Disposed	205258	Direct
2012-12-05	Common Stock	S	3600	$9.682	Disposed	201658	Direct
2012-12-05	Common Stock	S	16100	$9.685	Disposed	185558	Direct
2012-12-05	Common Stock	S	2500	$9.689	Disposed	183058	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-05	Employee Stock Option (Right to buy)	$6.75	M	25000	Disposed	2019-02-01	Common Stock (25000)	Direct

F1: Holdings include shares previously acquired through exempt transactions pursuant to the Issuer's employee stock purchase plan.