Southwest Airlines 2002 Annual Report Download - page 29

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10 | SOUTHWEST AIRLINES CO. 2002 10-K
PART II
Item 5. Market for the Registrant’s Common
Equity and Related Stockholder
Matters
Southwest’s common stock is listed on the
New York Stock Exchange and is traded under
the symbol LUV. The high and low sales prices of
the common stock on the Composite Tape and
the quarterly dividends per share paid on the
common stock were:
Period Dividend High Low
2002
1st
Q
uarter $0.00450 $22.00 $17.17
2nd
Q
uarter $0.00450 $19.35 $14.85
3rd
Q
uarter $0.00450 $16.08 $10.90
4th
Q
uarter $0.00450 $16.70 $11.23
2001
1st
Q
uarter $0.00450 $23.27 $16.00
2nd
Q
uarter $0.00450 $20.03 $16.55
3rd
Q
uarter $0.00450 $20.23 $11.25
4th
Q
uarter $0.00450 $20.00 $14.52
As of December 31, 2002, there were
11,858 holders of record of the Company’s
common stock.
Recent Sales of Unregistered Securities
During 2002, Herbert D. Kelleher, Chairman of
the Board, exercised unregistered options to
purchase Southwest Common Stock as follows:
Number of
Shares
Purchased
Exercise
Price
Date of
Exercise
415,528
437,032
$1.00
$2.24
1/15/02
1/15/02
The issuances of the above options and
shares to Mr. Kelleher were deemed exempt from
the registration provisions of the Securities Act of
1933, as amended (the “Securities Act”), by
reason of the provision of Section 4(2) of the
Securities Act because, among other things, of
the limited number of participants in such
transactions and the agreement and represen-
tation of Mr. Kelleher that he was acquiring such
securities for investment and not with a view to
distribution thereof. The certificates representing
the shares issued to Mr. Kelleher contain a
legend to the effect that such shares are not
registered under the Securities Act and may not
be transferred except pursuant to a registration
statement which has become effective under the
Securities Act or to an exemption from such
registration. The issuance of such shares was not
underwritten.