0001683168-20-000415.txt : 20200207
0001683168-20-000415.hdr.sgml : 20200207
20200207203918
ACCESSION NUMBER: 0001683168-20-000415
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200205
FILED AS OF DATE: 20200207
DATE AS OF CHANGE: 20200207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lentsch William P
CENTRAL INDEX KEY: 0001752218
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05424
FILM NUMBER: 20589093
MAIL ADDRESS:
STREET 1: C/O DELTA AIR LINES, INC.
STREET 2: P.O. BOX 20574, DEPT. 981
CITY: ATLANTA
STATE: GA
ZIP: 30354
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DELTA AIR LINES, INC.
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 LINES INC /DE/
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: DELTA AIR CORP
DATE OF NAME CHANGE: 19660908
4
1
ownership.xml
X0306
4
2020-02-05
0
0000027904
DELTA AIR LINES, INC.
DAL
0001752218
Lentsch William P
C/O DELTA AIR LINES, INC.
P.O. BOX 20574, DEPT. 981
ATLANTA
GA
30354
0
1
0
0
EVP-Flying/Air Operations
Common Stock
2020-02-05
4
A
0
10569
A
58678
D
Common Stock
2020-02-05
4
F
0
3757
58.89
D
54921
D
Common Stock
2020-02-05
4
A
0
15710
A
70631
D
Employee Stock Option (right to buy)
50.52
2020-02-05
4
A
0
46260
0
A
2020-02-05
2029-02-05
Common Stock
46260
46260
D
Settlement of performance awards granted under Delta's 2017 long-term incentive program which were earned effective February 5, 2020. 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 2017 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. Lentsch 15,710 shares of restricted common stock under Delta's 2020 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 6, 2019, the Committee granted Mr. Lentsch an option to purchase 46,260 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 15,420 shares vested, and the option for the remaining 30,840 shares will vest in equal installments on February 1, 2021 and February 1, 2022. The performance criteria was certified by the Committee on February 5, 2020. 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/ Julie C. Young as attorney-in-fact for William P. Lentsch
2020-02-07