SOUTHWEST AIRLINES CO — Director's Dealing 2012

May 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHWEST AIRLINES CO (LUV)
CIK: 0000092380
Period of Report: 2012-05-18

Reporting Person: RIDLEY DAVIS S /TX (Senior Vice President, CMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-18	Common Stock	F	3086	$8.15	Disposed	141418	Direct
2012-05-19	Common Stock	F	3086	$8.15	Disposed	138332	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	800	Indirect
Common Stock	1665	Indirect

Footnotes

F1: Holdings reflect exempt transactions under the Issuer's ProfitSharing Plan.