Halter Hank 4
4 · DELTA AIR LINES INC /DE/ · Filed Feb 7, 2011
Insider Transaction Report
Form 4
Halter Hank
Senior Vice President & CFO
Transactions
- Award
Common Stock
2011-02-03+28,458→ 206,035 total - Tax Payment
Common Stock
2011-02-03$11.53/sh−12,081$139,294→ 193,954 total - Award
Common Stock
2011-02-03+47,710→ 241,664 total
Footnotes (3)
- [F1]Settlement of performance awards granted under Delta's 2009 long-term incentive program which were earned effective February 3, 2011. 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).
- [F2]Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2009 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. Halter 47,710 shares of restricted common stock under Delta's 2011 long-term incentive program. Subject to the terms of the award, including Mr. Halter'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, 2012 and February 1, 2013. Until the restrictions lapse, Mr. Halter may not sell or transfer the shares, which will be subject to forfeiture in certain circumstances.