SEC Info - Ridley Davis S/TX - ‘3’ for 1/17/08 re: Southwest Airlines Co.

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

RIDLEY DAVIS S /TX

2. Date of Event Requiring Statement (Month/Day/Year)
01/17/2008

3. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [LUV]

(Last)

(First)

(Middle)

SOUTHWEST AIRLINES CO., 2702 LOVE FIELD DRIVE

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 Original Filed (Month/Day/Year)

(Street)

DALLAS, TX 75235-1611

6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
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

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
RIDLEY DAVIS S /TX SOUTHWEST AIRLINES CO. 2702 LOVE FIELD DRIVE DALLAS, TX 75235-1611		X	Sr VP - Marketing

Signatures

/s/ Davis S. Ridley		01/25/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The option is currently fully exercisable.

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Ridley Davis S/TX – ‘3’ for 1/17/08 re: Southwest Airlines Co.

On: Friday, 1/25/08, at 3:54pm ET · For: 1/17/08 · As: Officer · Accession #: 1091946-8-2 · File #: 1-07259

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents

‘3’ — Initial Statement of Beneficial Ownership of Securities by an Insider — edgar.xml/2.2

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Reporting Owners

Signatures

Explanation of Responses:

Ridley Davis S/TX – ‘3’ for 1/17/08 re: Southwest Airlines Co.

On: Friday, 1/25/08, at 3:54pm ET · For: 1/17/08 · As: Officer · Accession #: 1091946-8-2 · File #: 1-07259

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34Filing Table of Contents

‘3’ — Initial Statement of Beneficial Ownership of Securities by an Insider — edgar.xml/2.2

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Reporting Owners

Signatures

Explanation of Responses:

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents