Ownership Submission
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

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 *
Van de Ven Michael G
   2. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [LUV] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & Chief Operating Officer
(Last)
(First)
(Middle)
SOUTHWEST AIRLINES CO., 2702 LOVE FIELD DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
08/20/2014
(Street)

DALLAS, TX 75235-1908		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 08/20/2014   M   2,907 A $ 16.18 257,278 D  
Common Stock 08/20/2014   M   50,750 A $ 16.43 308,028 D  
Common Stock 08/20/2014   M   50,000 A $ 17.53 358,028 D  
Common Stock 08/20/2014   F   2,169 D $ 31.292 355,859 D  
Common Stock 08/20/2014   S   2,000 D $ 31.18 353,859 D  
Common Stock 08/20/2014   S   3,100 D $ 31.2 350,759 D  
Common Stock 08/20/2014   S   500 D $ 31.202 350,259 D  
Common Stock 08/20/2014   S   6,101 D $ 31.21 344,158 D  
Common Stock 08/20/2014   S   1,000 D $ 31.211 343,158 D  
Common Stock 08/20/2014   S   600 D $ 31.212 342,558 D  
Common Stock 08/20/2014   S   815 D $ 31.215 341,743 D  
Common Stock 08/20/2014   S   9,699 D $ 31.22 332,044 D  
Common Stock 08/20/2014   S   3,400 D $ 31.222 328,644 D  
Common Stock 08/20/2014   S   11,685 D $ 31.225 316,959 D  
Common Stock 08/20/2014   S   100 D $ 31.227 316,859 D  
Common Stock 08/20/2014   S   300 D $ 31.228 316,559 D  
Common Stock 08/20/2014   S   12,250 D $ 31.23 304,309 D  
Common Stock 08/20/2014   S   1,600 D $ 31.232 302,709 D  
Common Stock 08/20/2014   S   17,000 D $ 31.235 285,709 D  
Common Stock 08/20/2014   S   100 D $ 31.237 285,609 D  
Common Stock 08/20/2014   S   1,400 D $ 31.238 284,209 D  
Common Stock 08/20/2014   S   5,600 D $ 31.24 278,609 D  
Common Stock 08/20/2014   S   500 D $ 31.241 278,109 D  
Common Stock 08/20/2014   S   600 D $ 31.242 277,509 D  
Common Stock 08/20/2014   S   3,600 D $ 31.245 273,909 D  
Common Stock 08/20/2014   S   200 D $ 31.247 273,709 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Employee Stock Option (right to buy) $ 16.18 08/20/2014   M     2,907   (1) 11/17/2015 Common Stock 2,907 $ 0 593 D  
Employee Stock Option (right to buy) $ 16.43 08/20/2014   M     50,750   (2) 12/31/2015 Common Stock 50,750 $ 0 0 D  
Employee Stock Option (right to buy) $ 17.53 08/20/2014   M     50,000   (2) 03/17/2016 Common Stock 50,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Van de Ven Michael G
SOUTHWEST AIRLINES CO.
2702 LOVE FIELD DRIVE
DALLAS, TX 75235-1908		       EVP & Chief Operating Officer  

Signatures

 /s/ Tim Whisler, on behalf of and as attorney-in-fact for Michael G. Van de Ven   08/22/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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 has vested in installments, and will vest with respect to the remaining 593 shares on November 17, 2014.
(2) The option vested in installments and was 100% vested at the time of exercise.
 
Remarks:
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