FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Laurence Scott M
2. Issuer Name and Ticker or Trading Symbol

JETBLUE AIRWAYS CORP [ JBLU ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Head of Revenue & Planning
(Last)          (First)          (Middle)

C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH
3. Date of Earliest Transaction (MM/DD/YYYY)

6/24/2020
(Street)

LONG ISLAND CITY, NY 11101
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 6/24/2020  A(1)  1770 A$0 7222 D  
Common Stock 6/24/2020  F  602 (2)D$10.255 (3)6620 D  
Common Stock 6/24/2020  M  2710 A (5)9330 D  
Common Stock 6/24/2020  F  921 (7)D$10.255 8409 (4)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (5)6/24/2020  M   2710     (6) (6)Common Stock 2710  (5)20469 D  

Explanation of Responses:
(1) Represents shares of JetBlue Airways Corporation (the Company) common stock earned by, and issued to, the Reporting Person upon vesting of Performance Share Units (2017 PSUs) granted on April 12, 2017, based on a relative Return on Invested Capital (ROIC) goal and a pre-tax margin growth goal, weighted 2/3 for ROIC and 1/3 for relative pre-tax margin growth, for the performance period from January 1, 2017 through December 31, 2019. Following the conclusion of the three year performance period, the Compensation Committee certified to the performance of the Company relative to these goals for the 2017 PSUs at 75.1%.
(2) Represents shares withheld by the Company for taxes, as permitted by the JetBlue Airways Corporation 2011 Incentive Compensation Plan and related award agreement, to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting and settlement of the 2017 PSUs. There was no open market sale of shares by the Reporting Person.
(3) Closing market price per share of the Company common stock on the settlement date.
(4) Reflects the April 30, 2020 purchase of 451 shares through the JetBlue Crewmember Stock Purchase Plan at a price of $ 8.279 (reflecting the plan discount).
(5) Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit.
(6) The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of June __, 20__.
(7) These shares were automatically withheld and returned to JetBlue to cover tax obligations upon RSU vesting, in accordance with JetBlue policy for all RSU vesting of RSU eligible employees in the United States.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Laurence Scott M
C/O JETBLUE AIRWAYS CORPORATION
27-01 QUEENS PLAZA NORTH
LONG ISLAND CITY, NY 11101


Head of Revenue & Planning

Signatures
/s/ Scott M. Laurence6/26/2020
**Signature of Reporting PersonDate

JetBlue Airways (NASDAQ:JBLU)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more JetBlue Airways Charts.
JetBlue Airways (NASDAQ:JBLU)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more JetBlue Airways Charts.