SEC Form 4 · accession 0001683168-17-003340
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
Dec 15, 2017
Accepted (ET)
Dec 18, 2017 · 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 15, 2017 | M | 7,900 | $8.81 | A | 373,870 | D | |
| Common Stock | Dec 15, 2017 | S | 7,900 | $55.925 | D | 365,970 | D | |
| Common Stock | Dec 15, 2017 | M | 35,000 | $7.99 | A | 400,970 | D | |
| Common StockF1 | Dec 15, 2017 | S | 35,000 | $55.865 | 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)F2 | $8.81 | Dec 15, 2017 | M | 7,900 | D | — | Apr 2, 2018 | Common Stock | 7,900 | 0 | D |
| Employee Stock Option (right to buy)F3 | $7.99 | Dec 15, 2017 | M | 35,000 | D | — | Oct 28, 2018 | Common Stock | 35,000 | 81,000 | D |
Explanation of responses
- F1The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $55.86 to $55.89 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 is currently exercisable.
- F3The option is currently exercisable.