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
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
  1. 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.
  2. 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.
  3. 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.
  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.
  5. 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.
  6. 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.
  7. 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.