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Filing Details

Accession Number:: 0001209191-20-023268
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-04-03 17:07:22
Reporting Period:: 2020-03-16

Accepted Time:: 2020-04-03 17:07:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
92380	Southwest Airlines Co	LUV	Air Transportation, Scheduled (4512)	741563240

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
315090	E Warren Buffett	3555 Farnam Street Omaha NE 68131		No	No	Yes	No
1067983	Berkshire Hathaway Inc	3555 Farnam Street Omaha NE 68131		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-03-16	6,500	$0.00	53,642,713	No	4	J	Indirect	See Footnote
Common Stock	Disposition	2020-04-01	673,752	$32.18	52,968,961	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-01	323,997	$33.36	52,644,964	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-01	78,518	$33.97	52,566,446	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-02	598,872	$31.38	51,967,574	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-02	632,610	$32.24	51,334,964	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

On March 16, 2020, Berkshire Hathaway Inc. ("Berkshire") sold its interest in The Buffalo News, Inc. ("Buffalo"), with Southwest Airlines Co. ("LUV") common stock holdings of 6,500 shares. At the time of the Buffalo transaction, the market value of the shares of LUV common stock held by Buffalo was $243,880, based on the closing per share price of LUV common stock that day. There was no consideration specifically allocated to the LUV common stock holdings in connection with the Buffalo transaction.
The total reported securities are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): National Indemnity Company(43,341,495), Government Employees Insurance Company (1,034,747), Medical Protective Company (8,722), Berkshire Hathaway Consolidated Pension Plan Master Retirement Trust (6,700,000) and Precision CastParts Corp Master Trust (250,000). As Berkshire is in the chain of ownership of each of thesesubsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares of Common Stock presently ownedby each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, butonly to the extent he has a pecuniary interest in, the shares of Common Stock presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.815 to$32.81. The Reporting Persons undertake to provide Southwest Airlines Co., any security holder of Southwest Airlines Co., or the staff of theSecurities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within therange set forth in footnote 3 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.845 to $33.81. The Reporting Persons undertake to provide Southwest Airlines Co., any security holder of Southwest Airlines Co., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 4 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.815 to $34.18. The Reporting Persons undertake to provide Southwest Airlines Co., any security holder of Southwest Airlines Co., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 5 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.865 to $31.86. The Reporting Persons undertake to provide Southwest Airlines Co., any security holder of Southwest Airlines Co., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 6 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.865 to $32.84. The Reporting Persons undertake to provide Southwest Airlines Co., any security holder of Southwest Airlines Co., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 7 to this Form 4.