SEC Form 4 · accession 0001019687-15-000485
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul A Jacobson
Officer — EVP & CFO
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000027904
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 5, 2015 | A | 21,023 | — | A | 261,979 | D | |
| Common StockF2 | Feb 5, 2015 | F | 10,127 | $46.14 | D | 251,852 | D | |
| Common StockF3 | Feb 5, 2015 | A | 38,470 | — | A | 290,322 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Settlement of performance awards granted under Delta's transition award program which were earned effective February 5, 2015. The grant of the performance awards was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
- F2Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's transition award program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).
- F3The Committee granted Mr. Jacobson 38,470 shares of restricted common stock under Delta's 2015 long-term incentive program. Subject to the terms of the award, the restrictions on the shares will lapse in three equal annual installments on February 1, 2016, 2017 and 2018. Until the restrictions lapse, Mr. Jacobson may not sell or transfer the shares, which will be subject to forfeiture in certain circumstances. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).