SEC Form 4 · accession 0001019687-16-006963
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H Anderson
Officer — Exec. Chairman of the Board · Director
Period of report
Jul 15, 2016
Accepted (ET)
Jul 18, 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 | Jul 15, 2016 | M | 608,000 | $7.99 | A | 743,827 | D | |
| Common StockF1 | Jul 15, 2016 | S | 608,000 | $40.101 | D | 135,827 | D | |
| Common StockF2 | Jul 15, 2016 | S | 150,000 | $39.92 | D | 59,119 | 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)F3 | $7.99 | Jul 15, 2016 | M | 608,000 | D | — | Oct 28, 2018 | Common Stock | 608,000 | 0 | D |
Explanation of responses
- F1The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $39.89 to $40.44 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 reported shares were sold in open market transactions through a broker-dealer at prices ranging from $39.00 to $39.965 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.
- F3The option vested 20% on May 1, 2009, 20% on November 1, 2009, 20% on May 1, 2010 and 40% on November 1, 2011.