0001683168-18-000363.txt : 20180209
0001683168-18-000363.hdr.sgml : 20180209
20180209180525
ACCESSION NUMBER: 0001683168-18-000363
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180208
FILED AS OF DATE: 20180209
DATE AS OF CHANGE: 20180209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jacobson Paul A
CENTRAL INDEX KEY: 0001543655
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05424
FILM NUMBER: 18593291
MAIL ADDRESS:
STREET 1: C/O DELTA AIR LINES, INC., DEPT. 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-JACKSON ATLANTA INTL AIRPORT
STREET 2: 1030 DELTA BOULEVARD
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
jacobson_f4.xml
OWNERSHIP DOCUMENT
X0306
4
2018-02-08
0
0000027904
DELTA AIR LINES INC /DE/
DAL
0001543655
Jacobson Paul A
C/O DELTA AIR LINES, INC., DEPT. 981
P.O. BOX 20574
ATLANTA,
GA
30320
0
1
0
0
EVP & CFO
Common Stock
2018-02-08
4
A
0
64372
A
403889
D
Common Stock
2018-02-08
4
F
0
30406
51.23
D
373483
D
Common Stock
2018-02-08
4
A
0
28890
A
402373
D
Employee Stock Option (right to buy)
49.33
2018-02-08
4
A
0
62580
0
A
2018-02-08
2027-02-08
Common Stock
62580
62580
D
Settlement of performance awards granted under Delta's 2015 long-term incentive program which were earned effective February 8, 2018. The grant of the performance awards was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2015 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).
The Committee granted Mr. Jacobson 28,890 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).
On February 9, 2017, the Committee granted Mr. Jacobson an option to purchase 62,580 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 20,860 shares vested, and the option for the remaining 41,720 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).
/s/ Jan M. Davidson as attorney-in-fact for Paul A. Jacobson
2018-02-09