SEC Form 4 · accession 0001683168-16-001005

DELTA AIR LINES, INC. · DAL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Dec 21, 2016

Accepted (ET)

Dec 21, 2016 · 4:30 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
Common Stock	Dec 21, 2016	M	42,900	$18.84	A	275,202	D
Common Stock^F1	Dec 21, 2016	S	42,900	$50.7511	D	232,302	D
Common Stock	Dec 21, 2016	M	60,100	$16.88	A	292,402	D
Common Stock^F3	Dec 21, 2016	S	60,100	$50.7811	D	232,302	D

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	$18.84	Dec 21, 2016	M	42,900	D	—	Apr 29, 2017	Common Stock	42,900	0	D
Employee Stock Option (right to buy)^F4	$16.88	Dec 21, 2016	M	60,100	D	—	Aug 31, 2017	Common Stock	60,100	0	D

F1The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $50.75 to $50.77 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 30, 2008, 2009 and 2010.
F3The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $50.75 to $50.845 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.
F4The option vested in three equal annual installments on September 1, 2008, 2009 and 2010.