DELTA AIR LINES INC /DE/ 4
4 · DELTA AIR LINES INC /DE/ · Filed Jun 13, 2016
Insider Transaction Report
Form 4
Rial Sergio
Director
Transactions
- Award
Common Stock
2016-06-10+3,810→ 9,992 total - Tax Payment
Common Stock
2016-06-10$42.04/sh−1,128$47,421→ 8,864 total
Footnotes (2)
- [F1]Non-employee members of Delta's Board of Directors receive an annual restricted stock award of $160,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 10, 2016. The shares were acquired in a transaction exempt under Rule 16b-3(d).
- [F2]Shares withheld for payment of tax liability upon vesting of the restricted stock award granted on June 24, 2015. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors and is exempt under Rules 16b-3(d)(1) and 16b-3(e).