0001683168-20-000419.txt : 20200207 0001683168-20-000419.hdr.sgml : 20200207 20200207204244 ACCESSION NUMBER: 0001683168-20-000419 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: West W Gilbert CENTRAL INDEX KEY: 0001599979 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05424 FILM NUMBER: 20589103 MAIL ADDRESS: STREET 1: C/O DELTA AIR LINES, INC. STREET 2: P.O. BOX 20574, DEPT. 981 CITY: ATLANTA STATE: GA ZIP: 30320 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 0001599979 West W Gilbert C/O DELTA AIR LINES, INC., DEPT. 981 P.O. BOX 20574 ATLANTA, GA 30320 0 1 0 0 Sr. EVP & COO Common Stock 2020-02-05 4 S 0 8700 59.181 D 57834 D Common Stock 2020-02-05 4 A 0 49034 A 106868 D Common Stock 2020-02-05 4 F 0 22115 58.89 D 84753 D Common Stock 2020-02-05 4 A 0 37830 A 122583 D Employee Stock Option (right to buy) 50.52 2020-02-05 4 A 0 206060 0 A 2020-02-05 2029-02-05 Common Stock 206060 206060 D The price reported in column 4 is a weighted average price. The reported shares were sold in multiple transactions at prices ranging from $59.14 to $59.22, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc. 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. West 37,830 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. West an option to purchase 206,060 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 68,687 shares vested, and the option for the remaining 137,373 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 W. Gilbert West 2020-02-07