Form Type: 4

SEC EDGAR Link
Accession Number:0001683168-21-000415
Date:2021-02-03
Issuer: DELTA AIR LINES, INC. (DAL)
Original Submission Date:

Reporting Person:

HAUENSTEIN GLEN W
C/O DELTA AIR LINES, INC., DEPT. 981
P.O. BOX 20574 ATLANTA, GA 30320

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-02-03 A 51,283 a $0.00 299,375 direct
COMMON STOCK 2021-02-03 F 23,129 d $39.78 276,246 direct
COMMON STOCK 2021-02-03 A 56,000 a $0.00 332,246 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 39.78 2021-02-03 deemed execution date A 134,760 (a) 2031-02-02 common stock 134,760 $39.78 134,760 direct
Footnotes
IDfootnote
f1 settlement of performance awards granted under delta's 2018 long-term incentive program which were earned effective february 3, 2021. 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)(1).
f2 shares withheld for payment of tax liability upon settlement of the performance awards earned under delta's 2018 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).
f3 the committee granted mr. hauenstein 56,000 shares of restricted common stock under delta's 2021 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)(1).
f4 on february 3, 2021, the committee granted mr. hauenstein an option to purchase 134,760 shares of common stock under the 2021 long-term incentive program. the option vests in three equal installments beginning on february 1, 2022. 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)(1).
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