SEC Form 4 · accession 0001683168-18-000176
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
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 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 | Jan 16, 2018 | M | 20,500 | $7.99 | A | 377,470 | D | |
| Common StockF1 | Jan 16, 2018 | S | 20,500 | $60.484 | D | 356,970 | D | |
| Common Stock | Jan 17, 2018 | M | 28,862 | $7.99 | A | 385,832 | D | |
| Common StockF2 | Jan 17, 2018 | S | 28,862 | $60.001 | D | 356,970 | 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 | $7.99 | Jan 16, 2018 | M | 20,500 | D | — | Oct 28, 2018 | Common Stock | 20,500 | 60,500 | D |
| Employee Stock Option (right to buy)F3 | $7.99 | Jan 17, 2018 | M | 28,862 | D | — | Oct 28, 2018 | Common Stock | 28,862 | 31,638 | D |
Explanation of responses
- F1The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $60.40 to $60.53 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 reported shares were sold in open market transactions through a broker-dealer at prices ranging from $60.00 to $60.01 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 is currently exercisable.