Statement of Changes in Beneficial Ownership (4)
February 23 2021 - 6:02PM
Edgar (US Regulatory)
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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
KELLY GARY C |
2. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO
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LUV
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board & CEO |
(Last)
(First)
(Middle)
SOUTHWEST AIRLINES CO., 2702 LOVE FIELD DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/21/2021 |
(Street)
DALLAS, TX 75235-1908
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/21/2021 | | F | | 46855 | D | $52.81 | 208972 | D | |
Common Stock | | | | | | | | 350068 | I | By Family Trust (1) |
Common Stock | | | | | | | | 306528 | I | By Family Trust (2) |
Common Stock | | | | | | | | 14691 | I | By Family Limited Partnership (3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | 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. |
(2) | 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. |
(3) | 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
KELLY GARY C SOUTHWEST AIRLINES CO. 2702 LOVE FIELD DRIVE DALLAS, TX 75235-1908 | X |
| Chairman of the Board & CEO |
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Signatures
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/s/ Tim Whisler, on behalf of and as attorney-in-fact for Gary C. Kelly | | 2/23/2021 |
**Signature of Reporting Person | Date |
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