SOUTHWEST AIRLINES CO — Director's Dealing 2021

Mar 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHWEST AIRLINES CO (LUV)
CIK: 0000092380
Period of Report: 2021-03-01

Reporting Person: KELLY GARY C (Director, Chairman of the Board & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	G	8578	—	Disposed	200394	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	350068	Indirect
Common Stock	306528	Indirect
Common Stock	14691	Indirect

Footnotes

F1: These shares are held by a trust for the reporting person and his descendants (the "Reporting Person Trust") and include 130,310 shares deemed to be beneficially owned through the Reporting Person Trust's limited partner interest in the Family Limited Partnership (see footnote 3), as well as 219,758 other shares held by the Reporting Person Trust. The reporting person is trustee of the Reporting Person Trust.

F2: These shares are held by a trust for the reporting person's spouse and her descendants (the "Spousal Trust") and include 101,528 shares deemed to be beneficially owned through the Spousal Trust's limited partner interest in the Family Limited Partnership (see footnote 3), as well as 205,000 other shares held by the Spousal Trust. The reporting person's spouse is trustee of the Spousal Trust.

F3: These shares are held by a family limited partnership (the "Family Limited Partnership"), (a) the sole general partner of which is a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of which are the Reporting Person Trust, the Spousal Trust, and the reporting person through a separate limited partnership interest in the Family Limited Partnership.