SEC Form 4 · accession 0001019687-16-004921
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
Jan 22, 2016
Accepted (ET)
Jan 25, 2016 · 4:30 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 Stock | Jan 22, 2016 | M | 7,000 | $7.99 | A | 267,322 | D | |
| Common StockF1 | Jan 22, 2016 | S | 7,000 | $47.01 | D | 260,322 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2,F3 | $7.99 | Jan 22, 2016 | M | 7,000 | D | — | Oct 28, 2018 | Common Stock | 7,000 | 116,000 | D |
Explanation of responses
- F1The shares were sold pursuant to a Rule 10b5-1 trading plan dated February 19, 2015 (the "Trading Plan").
- F2The option was exercised pursuant to the Trading Plan.
- F3The option vested 20% on May 1, 2009, 20% on November 1, 2009, 20% on May 1, 2010 and 40% on November 1, 2011.