SOUTHWEST AIRLS CO

Ticker: LUV CUSIP: 844741108 Class: COM

Senator Investment Group LP's Holding History (CIK: 0001443689)

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

Q4 2016

Shares 2,750,000 Value ($000) $137,060 Avg Close $40.16 Range $33.04 - $46.03

Q3 2016

Shares 5,000,000 Value ($000) $194,450 Avg Close $33.98 Range $31.62 - $40.18

Q2 2016

Shares 3,250,000 Value ($000) $127,432 Avg Close $38.15 Range $32.57 - $42.75

Q1 2016

Shares 4,000,000 Value ($000) $179,200 Avg Close $36.21 Range $30.19 - $40.43

Q4 2015

Shares 2,500,000 Value ($000) $107,650 Avg Close $39.33 Range $32.85 - $45.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	2,750,000	$137,060	$40.16	$33.04 - $46.03
Q3 2016	5,000,000	$194,450	$33.98	$31.62 - $40.18
Q2 2016	3,250,000	$127,432	$38.15	$32.57 - $42.75
Q1 2016	4,000,000	$179,200	$36.21	$30.19 - $40.43
Q4 2015	2,500,000	$107,650	$39.33	$32.85 - $45.58