SEC Form 4 · accession 0001019687-16-005251
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy J Bostock
Director
Period of report
Feb 19, 2016
Accepted (ET)
Feb 22, 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 | Feb 19, 2016 | M | 9,146 | $17.81 | A | 17,886 | D | |
| Common StockF1 | Feb 19, 2016 | S | 9,146 | $46.76 | D | 8,740 | D | |
| Common StockF2 | Feb 19, 2016 | G | 4,000 | — | D | 46,770 | I | By Trust |
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)F3 | $17.81 | Feb 19, 2016 | M | 9,146 | D | — | Jun 27, 2017 | Common Stock | 9,146 | 0 | D |
Explanation of responses
- F1The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $46.76 to $46.77 per share. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.
- F2The shares were gifted from the Roy J. Bostock Revocable Living Trust to the Bostock Family Foundation, an organization exempt under Section 501(c)(3) of the Internal Revenue Code.
- F3The option vested 100% on October 29, 2008.