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DAL Delta Air Lines Inc

43.15
0.15 (0.35%)
Pre Market
Last Updated: 12:07:38
Delayed by 15 minutes
Share Name Share Symbol Market Type
Delta Air Lines Inc NYSE:DAL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 0.35% 43.15 3,490 12:07:38

Initial Statement of Beneficial Ownership (3)

04/06/2019 9:31pm

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Carroll William C

2. Date of Event Requiring Statement (MM/DD/YYYY)
6/1/2019 

3. Issuer Name and Ticker or Trading Symbol

DELTA AIR LINES INC /DE/ [DAL]

(Last)        (First)        (Middle)

C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
SVP, Finance & Controller /

(Street)

ATLANTA, GA 30320       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   29394   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy)     (2) 2/1/2027   Common Stock   9390   $49.33   D    
Employee Stock Option (right to buy)     (3) 2/7/2028   Common Stock   12140   $51.23   D    

Explanation of Responses:
(1)  Of the reported shares, 16,626 shares are restricted common stock. Of those restricted shares, (i) 2,840 were granted to the Reporting Person on February 9, 2017 and will vest on February 1, 2020, (ii) 5,466 were granted to the Reporting Person on February 8, 2018 and will vest 50% on February 1, 2020 and 2021, and (iii) 8,320 were granted to the Reporting Person on February 6, 2019 and will vest in three equal annual installments on February 1, 2020, 2021 and 2022. The grants of restricted stock were approved by the Personnel & Compensation Committee ("P&C Committee") of Delta's Board of Directors and are exempt from Section 16(b) of the Securities Exchange Act of 1934 ("Exchange Act") under Rule 16b-3(d).
(2)  On February 9, 2017, the P&C Committee granted to the Reporting Person an option to purchase 9,390 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 6,260 shares vested, and the option for the remaining 3,130 shares will vest on February 1, 2020. The performance criteria was certified by the P&C Committee on February 8, 2018. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d).
(3)  On February 8, 2018, the P&C Committee granted to the Reporting Person an option to purchase 12,140 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 4,047 shares vested, and the option for the remaining 8,093 shares will vest in equal installments on February 1, 2020 and February 1, 2021. The performance criteria was certified by the P&C Committee on February 6, 2019. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d).

Remarks:
Exhibit 24 - Power of Attorney

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Carroll William C
C/O DELTA AIR LINES, INC.
P.O. BOX 20574, DEPT. 981
ATLANTA, GA 30320


SVP, Finance & Controller

Signatures
/s/ Jan M. Davidson as attorney-in-fact for William C. Carroll 6/4/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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