-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NecVI8WcUQGPZyG9FVL4pq4O8VNGXjh2jDg3D30q2d8s3I/Vj4lYlg2iVyjum8u8 NokA19xXEtxbPQpWwFsMjw== 0001301040-07-000014.txt : 20070502 0001301040-07-000014.hdr.sgml : 20070502 20070502134350 ACCESSION NUMBER: 0001301040-07-000014 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070430 FILED AS OF DATE: 20070502 DATE AS OF CHANGE: 20070502 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kolshak Joseph C CENTRAL INDEX KEY: 0001292146 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05424 FILM NUMBER: 07809734 BUSINESS ADDRESS: BUSINESS PHONE: (404) 715-2724 MAIL ADDRESS: STREET 1: DELTA AIR LINES, INC., DEPT. NO. 981 STREET 2: P.O. BOX 20574 CITY: ATLANTA STATE: GA ZIP: 30320 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DELTA AIR LINES INC /DE/ CENTRAL INDEX KEY: 0000027904 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 580218548 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: HARTSFIELD ATLANTA INTL AIRPORT STREET 2: 1030 DELTA BLVD CITY: ATLANTA STATE: GA ZIP: 30354-1989 BUSINESS PHONE: 4047152600 MAIL ADDRESS: STREET 1: P.O. BOX 20706 STREET 2: DEPT 981 CITY: ATLANTA STATE: GA ZIP: 30320-6001 FORMER COMPANY: FORMER CONFORMED NAME: DELTA AIR CORP DATE OF NAME CHANGE: 19660908 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2007-04-30 0000027904 DELTA AIR LINES INC /DE/ DAL 0001292146 Kolshak Joseph C DELTA AIR LINES, INC., DEPT. 981 P.O. BOX 20574 ATLANTA GA 30320 0 1 0 0 Exec. VP - Operations Common Stock, par value $0.0001 per share 2007-04-30 4 A 0 136400 0 A 136400 D Common Stock, par value $0.0001 per share 2007-04-30 4 A 0 2451 A 138851 D Common Stock, par value $0.0001 per share 2007-04-30 4 F 0 795 D 138056 D In connection with Delta's emergence from bankruptcy, the Personnel & Compensation Committee of Delta's Board of Directors granted restricted stock awards to Delta officers, including the Reporting Person. Delta described this program in a bankruptcy court filing on March 20, 2007, and in a Current Report on Form 8-K filed with the SEC on March 22, 2007. The shares reported on this line represent substantially all of the distribution the Reporting Person will receive in satisfaction of his claim against Delta's bankruptcy estate, as described below under "BACKGROUND INFORMATION ON CLAIMS WITH RESPECT TO 2002 RETENTION PROGRAM." These shares were acquired in a transaction that was approved by the Personnel & Compensation Committee of Delta's Board of Directors, and that is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1). Shares withheld to cover tax withholding obligations from the distribution of shares described in Note (2), above. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors, and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e). BACKGROUND INFORMATION ON CLAIMS WITH RESPECT TO 2002 RETENTION PROGRAM: In January 2002, the Personnel & Compensation Committee of Delta's Board of Directors adopted a special retention program for key members of management (the "Retention Program"). Each participant in the Retention Program received a cash retention award opportunity which, if earned, was to be paid in 2004. In 2003, participants in the program were given an opportunity to defer all or a portion of their retention award. The Reporting Person elected to defer a portion of his retention award, and that portion remains unpaid. This unpaid amount is a claim that arose prior to Delta's Chapter 11 filing. Because Delta did not assume the Retention Program as part of its plan of reorganization, Delta will not pay any of the retention awards that remain unpaid under the program. An employee who did not receive his deferred retention award payment due to our Chapter 11 filing has a claim against Delta's bankruptcy estate. Delta's plan of reorganization provides that holders of allowed unsecured claims against Delta's bankruptcy estate will generally receive common stock of reorganized Delta in satisfaction of their claims. Nanci Oliver Sloan as attorney-in-fact for Joseph C. Kolshak 2007-05-02 -----END PRIVACY-ENHANCED MESSAGE-----