Ownership Submission
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 *
  Romo Tammy
2. Date of Event Requiring Statement (Month/Day/Year)
09/20/2012
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 Finance & CFO
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75235
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 63,777 (1)
D
 
Common Stock 3,310 (2)
I
By ProfitSharing Plan

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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (3) 10/08/2012 Common Stock 1,300 $ 12.12 D  
Employee Stock Option (Right to Buy)   (3) 01/02/2013 Common Stock 543 $ 14.03 D  
Employee Stock Option (Right to Buy)   (3) 01/23/2013 Common Stock 1,913 $ 13.19 D  
Employee Stock Option (Right to Buy)   (3) 01/05/2014 Common Stock 574 $ 15.91 D  
Employee Stock Option (Right to Buy)   (3) 01/23/2014 Common Stock 1,913 $ 15.51 D  
Employee Stock Option (Right to Buy)   (4) 09/01/2014 Common Stock 26,000 $ 14.75 D  
Employee Stock Option (Right to Buy)   (3) 01/20/2015 Common Stock 3,574 $ 14.25 D  
Employee Stock Option (Right to Buy)   (3) 12/31/2015 Common Stock 11,037 $ 16.43 D  
Employee Stock Option (Right to Buy)   (3) 03/17/2016 Common Stock 10,000 $ 17.53 D  
Employee Stock Option (Right to Buy)   (3) 01/31/2018 Common Stock 25,000 $ 12.18 D  
Employee Stock Option (Right to Buy)   (3) 02/01/2019 Common Stock 33,000 $ 6.75 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Romo Tammy
SOUTHWEST AIRLINES CO.
2702 LOVE FIELD DRIVE
DALLAS, TX 75235
      SR VP Finance & CFO  

Signatures

Marilyn R. Post, on behalf of and as attorney-in-fact for Tammy Romo 09/28/2012
**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) Holdings include 50,310 restricted stock units previously granted pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan, which will entitle the reporting person to one share of common stock for each restricted stock unit that vests. The resticted stock units will vest as follows: 12,993 on May 16, 2013; 4,000 on May 18, 2013; 3,333 on May 19, 2013; 12,992 on May 16, 2014; 4,000 on May 18, 2014; and 12,992 on May 16, 2015.
(2) Holdings reflect exempt transactions under the Issuer's ProfitSharing Plan.
(3) The option is currently fully exercisable.
(4) The option is currently exercisable with respect to 21,600 shares and will become exercisable with respect to the remaining 4,400 shares on September 1, 2013.

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