4//SEC Filing
Becker Michael J 4
Accession 0001019687-10-000437
CIK 0000027904other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 4:36 PM ET
Size
7.8 KB
Accession
0001019687-10-000437
Insider Transaction Report
Form 4
Becker Michael J
EVP & COO NWA
Transactions
- Award
Common Stock
2010-02-04+39,001→ 539,518 total - Award
Common Stock
2010-02-04+54,540→ 500,517 total
Footnotes (2)
- [F1]The Personnel & Compensation Committee of Delta's Board of Directors granted Mr. Becker 54,540 shares of restricted common stock under Delta's 2010 long-term incentive program. Subject to the terms of the award, including Mr. Becker's continued employment with Delta, the restrictions on the shares will lapse with respect to 50 percent of the shares on each of February 1, 2011 and February 1, 2012. Until the restrictions lapse, Mr. Becker may not sell or transfer the shares, which will be subject to forfeiture in certain circumstances.
- [F2]In lieu of a cash award based on operational and merger integration performance under the 2009 annual incentive plan, the Personnel & Compensation Committee granted Mr. Becker 39,001 shares of restricted common stock. Subject to the terms of the award, the restrictions on the shares will lapse on the earlier of the date (1) there is a payout under Delta's broad-based employee profit sharing program or (2) Mr. Becker has a qualifying termination of employment. Until the restrictions lapse, Mr. Becker may not sell or transfer the shares, which will be subject to forfeiture in certain circumstances.
Documents
Issuer
DELTA AIR LINES INC /DE/
CIK 0000027904
Entity typeother
Related Parties
1- filerCIK 0001448800
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 4:36 PM ET
- Size
- 7.8 KB