SOUTHWEST AIRLS CO

Ticker: LUV CUSIP: 844741108 Class: COM

Arrow Investment Advisors, LLC's Holding History (CIK: 0001378410)

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

Q4 2015

Shares 12,136 Value ($000) $523 Avg Close $39.33 Range $32.85 - $45.58

Q3 2015

Shares 15,471 Value ($000) $589 Avg Close $32.73 Range $27.79 - $36.28

Q2 2015

Shares 16,605 Value ($000) $549 Avg Close $34.60 Range $29.26 - $39.08

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	12,136	$523	$39.33	$32.85 - $45.58
Q3 2015	15,471	$589	$32.73	$27.79 - $36.28
Q2 2015	16,605	$549	$34.60	$29.26 - $39.08