DELTA AIR LINES INC /DE/ 4
4 · DELTA AIR LINES INC /DE/ · Filed Jun 26, 2007
Insider Transaction Report
Form 4
MASSEY WALTER E
Director
Transactions
- Award
Common Stock, par value $0.0001 per share
2007-06-25+2,113→ 2,113 total
Footnotes (1)
- [F1]As previously described in Exhibit 99.1 to a Current Report on Form 8-K, which was furnished by Delta Air Lines, Inc. ("Delta") to the SEC on March 22, 2007, non-employee members of Delta's Board of Directors receive an annual restricted stock award with a $40,000 value. The shares reported in this Form 4 represent the annual restricted stock grant to the Reporting Person, as approved by the Board of Directors on June 25, 2007. The number of shares was determined by dividing $40,000 by the average closing price of Delta's common stock on the New York Stock Exchange for the ten consecutive trading days immediately prior to June 25, 2007, and rounding down to the nearest number of whole shares. The shares were acquired in a transaction exempt under Rule 16b-3(d).