3: Initial statement of beneficial ownership of securities
Published on May 17, 2006
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESFiled 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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/17/2006 |
3. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [ LUV ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| 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 | 50,000 | D |
| 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 | ||||
| Option (right to buy) | 01/23/2000 | 01/23/2008 | Common Stock | 3,869(1) | 7.87 | D | |
| Option (right to buy) | 01/19/2002 | 01/19/2010 | Common Stock | 6,825(2) | 10.35 | D | |
| Option (right to buy) | 01/19/2001 | 01/19/2010 | Common Stock | 9,101(3) | 10.35 | D | |
| Option (right to buy) | 12/31/2000 | 12/31/2010 | Common Stock | 3,915(3) | 22.8 | D | |
| Option (right to buy) | 02/15/2003 | 02/15/2011 | Common Stock | 8,428(3) | 21.3 | D | |
| Option (right to buy) | 02/15/2003 | 02/15/2011 | Common Stock | 6,072(2) | 21.3 | D | |
| Option (right to buy) | 01/01/2002 | 01/01/2012 | Common Stock | 3,916(3) | 18.73 | D | |
| Option (right to buy) | 01/18/2004 | 01/18/2012 | Common Stock | 5,317(2) | 17.78 | D | |
| Option (right to buy) | 01/18/2003 | 01/18/2012 | Common Stock | 10,633(3) | 17.78 | D | |
| Option (right to buy) | 01/07/2003 | 01/07/2013 | Common Stock | 3,916(3) | 14.33 | D | |
| Option (right to buy) | 01/23/2004 | 01/23/2013 | Common Stock | 11,281(3) | 13.19 | D | |
| Option (right to buy) | 01/23/2005 | 01/23/2013 | Common Stock | 6,264(2) | 13.19 | D | |
| Option (right to buy) | 01/05/2004 | 01/05/2014 | Common Stock | 3,084(3) | 15.91 | D | |
| Option (right to buy) | 01/23/2006 | 01/23/2014 | Common Stock | 12,079(3) | 15.51 | D | |
| Option (right to buy) | 01/23/2004 | 01/23/2014 | Common Stock | 7,921(2) | 15.51 | D | |
| Option (right to buy) | 09/01/2004 | 09/01/2014 | Common Stock | 415(3)(4) | 14.75 | D | |
| Options (right to buy) | 09/01/2007 | 09/01/2014 | Common Stock | 2,585(2)(5) | 14.75 | D | |
| Options (right to buy) | 01/20/2005 | 01/20/2015 | Common Stock | 3,065(3) | 14.25 | D | |
| Options (right to buy) | 01/20/2005 | 01/20/2015 | Common Stock | 15,222(3)(6) | 14.25 | D | |
| Options (right to buy) | 01/20/2007 | 01/20/2015 | Common Stock | 6,778(2) | 14.25 | D | |
| Options (right to buy) | 12/31/2005 | 12/31/2015 | Common Stock | 40,000(3)(7) | 16.43 | D | |
| Options (right to buy) | 12/31/2005 | 12/31/2015 | Common Stock | 2,719(3) | 16.43 | D | |
| Options (right to buy) | 12/31/2008 | 03/17/2016 | Common Stock | 5,471(2) | 17.53 | D | |
| Option (right to buy) | 03/31/2006 | 03/17/2016 | Common Stock | 34,529(3)(8) | 17.53 | D | |
| Option (right to buy) | 01/22/2001 | 01/22/2009 | Common Stock | 1,223(3) | 11.72 | D | |
| Option (right to buy | 01/22/2001 | 01/22/2009 | Common Stock | 8,531(2) | 11.72 | D | |
| Explanation of Responses: |
| 1. Options granted from 1991 ISO Plan. |
| 2. Options granted from 1996 ISO Plan. |
| 3. Options granted from 1996 NQ Plan. |
| 4. Options are exercisable as follows: 230 currently exercisable; and 185 on 9/1/2006. |
| 5. Options are exercisable as follows: 231 on 9/1/2007; 277 on 9/1/2008; 323 on 9/1/2009; 369 on 9/1/2010; 415 on 9/1/2011; 462 on 9/1/2012 ; and 508 on 9/1/2013. |
| 6. Options are exercisable as follows: 14,667 currently exercisable; and 555 on 1/20/2007. |
| 7. Options are exercisable as follows: 13,334 currently exercisable; 13,333 on 12/31/2006; and 13,333 on 1/31/2007. |
| 8. Options are exercisable as follows: 13,334 on 12/31/2006; 13,333 on 12/31 2007; and 7,862 on 12/31/2008. |
| On behalf of and attorney-in-fact for Ron Ricks /s/Deborah Ackerman | 05/17/2006 | |
| ** 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.