SEC Form 4 · accession 0001209191-19-018303
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Mar 6, 2019
Accepted (ET)
Mar 8, 2019 · 8:09 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 StockF1,F2 | Mar 6, 2019 | P | 1,202,961 | $49.6514 | A | 66,737,961 | I | See Footnote |
| Common StockF3,F2 | Mar 7, 2019 | P | 1,817,318 | $49.2722 | A | 68,555,279 | I | See Footnote |
| Common StockF4,F2 | Mar 7, 2019 | P | 3,600 | $49.7716 | A | 68,558,879 | I | See Footnote |
| Common StockF5,F2 | Mar 8, 2019 | P | 2,345,077 | $49.3728 | A | 70,903,956 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $49.45 to $49.88. The Reporting Persons undertake to provide Delta Air Lines, Inc., any security holder of Delta Air Lines, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 3, 4 and 5 to this Form 4.
- F2The total reported securities are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): National Indemnity Company (63,910,833) and Government Employees Insurance Company (6,993,123). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares of Common Stock presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares of Common Stock presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $48.76 to $49.75.
- F4The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $49.76 to $49.79.
- F5The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $48.93 to $49.60.