SEC Form 4 · accession 0001683168-17-000324
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joanne D Smith
Officer — EVP & Chief HR Officer
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 4:36 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 | Feb 9, 2017 | A | 19,688 | — | A | 81,579 | D | |
| Common StockF2 | Feb 9, 2017 | F | 9,441 | $49.33 | D | 72,138 | D | |
| Common StockF3 | Feb 9, 2017 | A | 15,010 | — | A | 87,148 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Settlement of performance awards granted under Delta's 2014 long-term incentive program which were earned effective February 9, 2017. The grant of the performance awards was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
- F2Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2014 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).
- F3The Committee granted Ms. Smith 15,010 shares of restricted common stock under Delta's 2017 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).