SEC Form 4 · accession 0001683168-18-000361

DELTA AIR LINES, INC. · DAL

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

Reporting owner

Officer — EVP and Chief Legal Officer

Period of report

Feb 8, 2018

Accepted (ET)

Feb 9, 2018 · 6:01 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^F1	Feb 8, 2018	A	18,420	—	A	80,532	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	$49.33	Feb 8, 2018	A	39,900	A	Feb 8, 2018	Feb 8, 2027	Common Stock	39,900	39,900	D

F1The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Carter 18,420 shares of restricted common stock under Delta's 2018 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).
F2On February 9, 2017, the Committee granted Mr. Carter an option to purchase 39,900 shares of common stock. The option vests based on Delta's satisfaction of certain performance criteria. Because the performance criteria were met, the option as to 13,300 shares vested, and the option for the remaining 26,600 shares will vest in equal installments on February 1, 2019 and February 1, 2020. The performance criteria was certified by the Committee on February 8, 2018. 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).