SEC Form 4 · accession 0001683168-17-000499
DELTA AIR LINES, INC. · DAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul A Jacobson
Officer — EVP & CFO
Period of report
Mar 3, 2017
Accepted (ET)
Mar 6, 2017 · 4:05 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 Stock | Mar 3, 2017 | M | 20,100 | $18.84 | A | 386,070 | D | |
| Common StockF1,F2 | Mar 3, 2017 | S | 20,100 | $50.091 | D | 365,970 | 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)F3,F4 | $18.84 | Mar 3, 2017 | M | 20,100 | D | — | Apr 29, 2017 | Common Stock | 20,100 | 0 | D |
Explanation of responses
- F1The shares were sold pursuant to a Rule 10b5-1 trading plan dated November 29, 2016 (the "Trading Plan").
- F2The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $49.91 to $50.23 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 was exercised pursuant to the Trading Plan.
- F4The option is currently exercisable.