Form: 3

Initial statement of beneficial ownership of securities

January 25, 2008

Documents

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


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*
RIDLEY DAVIS S /TX
(Last) (First) (Middle)
SOUTHWEST AIRLINES CO.
2702 LOVE FIELD DRIVE
(Street)
DALLAS TX 75235-1611
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/17/2008 		3. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [ LUV ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr VP - Marketing
 5. If Amendment, Date of Original Filed (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 64,000 D
Common Stock 897 I By ProfitSharing Plan
Common Stock 800 I As Custodian for Son
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) (1) 01/01/2009 Common Stock 810 10.11 D
Employee Stock Option (Right to Buy) (1) 01/22/2009 Common Stock 12,933 11.72 D
Employee Stock Option (Right to Buy) (1) 01/01/2010 Common Stock 917 10.88 D
Employee Stock Option (Right to Buy) (1) 01/19/2010 Common Stock 8,631 10.35 D
Employee Stock Option (Right to Buy) (1) 02/15/2011 Common Stock 8,000 21.3 D
Employee Stock Option (Right to Buy) (1) 01/01/2012 Common Stock 1,725 18.73 D
Employee Stock Option (Right to Buy) (1) 01/18/2012 Common Stock 8,900 17.78 D
Employee Stock Option (Right to Buy) (1) 01/02/2013 Common Stock 4,573 14.03 D
Employee Stock Option (Right to Buy) (1) 01/23/2013 Common Stock 10,500 13.19 D
Employee Stock Option (Right to Buy) (1) 01/05/2014 Common Stock 4,186 15.91 D
Employee Stock Option (Right to Buy) (1) 01/23/2014 Common Stock 12,500 15.51 D
Employee Stock Option (Right to Buy) (1) 01/20/2015 Common Stock 16,878 14.25 D
Employee Stock Option (Right to Buy) (1) 12/31/2015 Common Stock 24,298 16.43 D
Explanation of Responses:
1. The option is currently fully exercisable.
Remarks:
/s/ Davis S. Ridley 01/25/2008
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.