SOUTHWEST AIRLS CO

Ticker: LUV CUSIP: 844741108 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 229,700 Value ($000) $8,933 Avg Close $33.98 Range $31.62 - $40.18

Q2 2016

Shares 413,047 Value ($000) $16,196 Avg Close $38.15 Range $32.57 - $42.75

Q1 2016

Shares 26,700 Value ($000) $1,196 Avg Close $36.21 Range $30.19 - $40.43

Q3 2015

Shares 13,100 Value ($000) $498 Avg Close $32.73 Range $27.79 - $36.28

Q2 2015

Shares 776,178 Value ($000) $25,685 Avg Close $34.60 Range $29.26 - $39.08

Q1 2015

Shares 147,700 Value ($000) $6,543 Avg Close $38.60 Range $33.79 - $41.66

Q3 2014

Shares 16,910 Value ($000) $570 Avg Close $26.90 Range $22.76 - $31.30

Q2 2014

Shares 79,500 Value ($000) $2,136 Avg Close $22.15 Range $19.63 - $24.38

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	229,700	$8,933	$33.98	$31.62 - $40.18
Q2 2016	413,047	$16,196	$38.15	$32.57 - $42.75
Q1 2016	26,700	$1,196	$36.21	$30.19 - $40.43
Q3 2015	13,100	$498	$32.73	$27.79 - $36.28
Q2 2015	776,178	$25,685	$34.60	$29.26 - $39.08
Q1 2015	147,700	$6,543	$38.60	$33.79 - $41.66
Q3 2014	16,910	$570	$26.90	$22.76 - $31.30
Q2 2014	79,500	$2,136	$22.15	$19.63 - $24.38