SEC Form 4 · accession 0001019687-16-005948
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H Anderson
Officer — Chief Executive Officer · Director
Period of report
Apr 19, 2016
Accepted (ET)
Apr 20, 2016 · 4:30 pm EDT
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 | Apr 19, 2016 | M | 126,390 | $8.81 | A | 453,098 | D | |
| Common StockF1 | Apr 19, 2016 | S | 126,390 | $46.977 | D | 326,708 | D | |
| Common Stock | holding | — | — | — | 209,119 | I | By Wife |
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 | $8.81 | Apr 19, 2016 | M | 126,390 | D | — | Apr 2, 2018 | Common Stock | 126,390 | 0 | D |
Explanation of responses
- F1The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $46.86 to $47.13 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 option vested in three equal annual installments on April 3, 2009, 2010 and 2011.