SOUTHWEST AIRLINES CO — Director's Dealing 2014

Aug 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHWEST AIRLINES CO (LUV)
CIK: 0000092380
Period of Report: 2014-08-22

Reporting Person: VILLANUEVA DANIEL D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-22	Common Stock	M	10000	$7.76	Acquired	37458	Direct
2014-08-22	Common Stock	S	4375	$31.723	Disposed	33083	Direct
2014-08-22	Common Stock	S	3391	$31.73	Disposed	29692	Direct
2014-08-22	Common Stock	S	1156	$31.74	Disposed	28536	Direct
2014-08-22	Common Stock	S	100	$31.742	Disposed	28436	Direct
2014-08-22	Common Stock	S	978	$31.745	Disposed	27458	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-22	Stock Option (right to buy)	$7.76	M	10000	Disposed	2018-11-19	Common Stock (10000)	Direct

Footnotes

F1: The option vested in installments and was 100% vested at the time of exercise.