4//SEC Filing
DELTA AIR LINES INC /DE/ 4
Accession 0001301040-07-000036
$DALCIK 0000027904operating
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:58 PM ET
Size
7.3 KB
Accession
0001301040-07-000036
Insider Transaction Report
Form 4
Kolshak Joseph C
SVP & Chief of Operations
Transactions
- Award
Employee Stock Option (Right to Buy)
2007-06-04+105,500→ 105,500 totalExercise: $18.84Exp: 2017-04-29→ Common Stock, par value $0.0001 per share (105,500 underlying)
Footnotes (2)
- [F1]On March 13, 2007, the Personnel & Compensation Committee of Delta's Board of Directors ("P&C Committee") approved the terms of the grant of stock options to Delta officers, including the Reporting Person, to be made following Delta's emergence from bankruptcy. Delta described this program in a Bankruptcy Court filing on March 20, 2007, and in a Current Report on Form 8-K filed with the SEC on March 22, 2007. The P&C Committee determined that the grant date for these stock option awards would be the first trading day for Delta common stock, par value $0.0001 per share ("Common Stock"), on the New York Stock Exchange ("NYSE") that is 30 calendar days after the first day the Common Stock is traded regular-way on the NYSE. Consistent with that determination, the stock option grant was made to the Reporting Person on June 4, 2007 in a transaction exempt under Rule 16b-3(d). The exercise price of the stock option is the closing price of the Common Stock on the NYSE on June 4, 2007.
- [F2]Subject to the terms of the award, including the Reporting Person's continued employment with Delta, the stock option reported in this Form 4 becomes exercisable on the following dates with respect to the specified number of shares of Common Stock: April 30, 2008 - 35,167 shares; April 30, 2009 -- 35,167 shares; April 30, 2010 -- 35,166 shares. Delta emerged from bankruptcy on April 30, 2007.
Documents
Issuer
DELTA AIR LINES INC /DE/
CIK 0000027904
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000027904
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:58 PM ET
- Size
- 7.3 KB