Rogers Kenneth C 4
4 · DELTA AIR LINES INC /DE/ · Filed Oct 5, 2009
Insider Transaction Report
Form 4
Rogers Kenneth C
Director
Transactions
- Award
Common Stock
2009-08-20+24.968→ 24.968 total
Holdings
- 4,133.631(indirect: Delta Pilot Savings Plan)
Common Stock
Footnotes (1)
- [F1]As previously reported on a Form 4, on March 5, 2009, in accordance with the terms of an agreement among Delta, the Delta Master Executive Council, the Northwest Master Executive Council and the Air Line Pilots Association, International, Delta issued approximately 98% of the shares allocable under the agreement to a Delta Pilot Savings Plan for the benefit of eligible Delta and Northwest pilots. The remaining shares were held by Delta in a reserve account in respect of adjustments for distribution errors and any distribution or sale of such shares for the payment of certain related expenses incurred by ALPA. These 24.968 shares were issued to Mr. Rogers as part of the termination of the reserve account. Mr. Rogers' acquisition of such shares of Delta common stock is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).