SEC Form 4 · accession 0001683168-16-000259
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Sear
Officer — Pres. Int'l & EVP Global Sales
Period of report
Oct 5, 2016
Accepted (ET)
Oct 6, 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 | Oct 5, 2016 | M | 4,671 | $16.86 | A | 52,174 | D | |
| Common StockF1 | Oct 5, 2016 | S | 4,671 | $40.16 | D | 47,503 | D |
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,F3 | $16.86 | Oct 5, 2016 | M | 4,671 | D | — | Jul 12, 2017 | Common Stock | 4,671 | 9,342 | D |
Explanation of responses
- F1The shares were sold pursuant to a Rule 10b5-1 trading plan dated August 30, 2016 (the "Trading Plan").
- F2The option was exercised pursuant to the Trading Plan.
- F3The option is currently exercisable.