Form 3 Maruster Robert Alan For: Jun 01 (10K)

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Maruster Robert Alan

(Last)

(First)

(Middle)

JETBLUE AIRWAYS CORPORATION, 118-29 QUEENS BOULEVARD

(Street)

FOREST HILLS

11375

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/01/2009

3. Issuer Name and Ticker or Trading Symbol
JETBLUE AIRWAYS CORP [JBLU]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,534	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Excercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Excercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Purchase)	⁽¹⁾	08/17/2015	Common Stock	45,000	$ 12.9133	D
Stock Option (Right to Purchase)	⁽²⁾	05/18/2016	Common Stock	13,500	$ 10.615	D
Stock Option (Right to Purchase)	⁽³⁾	05/16/2017	Common Stock	13,500	$ 10.68	D
Restricted Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	19,685	$ ⁽⁵⁾	D
Restricted Stock Units	⁽⁶⁾	⁽⁶⁾	Common Stock	41,389	$ ⁽⁵⁾	D

Explanation of Responses:

1. When granted, the option vested in three equal annual installments commencing on August 17, 2005. The unvested portion of the stock option vested in the Company acceleration of employee-held stock options on December 9, 2005.

2. The option vests in three equal annual installments commencing from the grant date of May 18, 2006.

3. The option vests in three equal annual installments commencing from the grant date of May 16, 2007.

4. The restricted stock units vest in equal annual installments over a three year period measured from the vesting commencement date of February 14, 2008.

5. Upon payout, Reporting Person is entitled to receive 1 share of common stock for each 1 restricted stock unit.

6. The restricted stock units vest in equal annual installments over a three year period measured from the vesting commencement date of February 19, 2009.

	/s/ Robert A. Maruster	08/21/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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