SEC Form 4 · accession 0001019687-16-006659
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sergio Rial
Director
Period of report
Jun 10, 2016
Accepted (ET)
Jun 13, 2016 · 4:36 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 StockF1 | Jun 10, 2016 | A | 3,810 | — | A | 9,992 | D | |
| Common StockF2 | Jun 10, 2016 | F | 1,128 | $42.04 | D | 8,864 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Non-employee members of Delta's Board of Directors receive an annual restricted stock award of $160,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 10, 2016. The shares were acquired in a transaction exempt under Rule 16b-3(d).
- F2Shares withheld for payment of tax liability upon vesting of the restricted stock award granted on June 24, 2015. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors and is exempt under Rules 16b-3(d)(1) and 16b-3(e).