4//SEC Filing
West W Gilbert 4
Accession 0001683168-20-000419
CIK 0000027904other
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 8:42 PM ET
Size
13.8 KB
Accession
0001683168-20-000419
Insider Transaction Report
Form 4
West W Gilbert
EVP & COO
Transactions
- Sale
Common Stock
2020-02-05$59.18/sh−8,700$514,875→ 57,834 total - Award
Common Stock
2020-02-05+49,034→ 106,868 total - Tax Payment
Common Stock
2020-02-05$58.89/sh−22,115$1,302,352→ 84,753 total - Award
Common Stock
2020-02-05+37,830→ 122,583 total - Award
Employee Stock Option (right to buy)
2020-02-05+206,060→ 206,060 totalExercise: $50.52From: 2020-02-05Exp: 2029-02-05→ Common Stock (206,060 underlying)
Footnotes (5)
- [F1]The price reported in column 4 is a weighted average price. The reported shares were sold in multiple transactions at prices ranging from $59.14 to $59.22, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.
- [F2]Settlement of performance awards granted under Delta's 2017 long-term incentive program which were earned effective February 5, 2020. 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).
- [F3]Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2017 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).
- [F4]The Committee granted Mr. West 37,830 shares of restricted common stock under Delta's 2020 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
- [F5]On February 6, 2019, the Committee granted Mr. West an option to purchase 206,060 shares of common stock. The option vests based on Delta's satisfaction of certain performance criteria. Because the performance criteria were met, the option as to 68,687 shares vested, and the option for the remaining 137,373 shares will vest in equal installments on February 1, 2021 and February 1, 2022. The performance criteria was certified by the Committee on February 5, 2020. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
Documents
Issuer
DELTA AIR LINES, INC.
CIK 0000027904
Entity typeother
Related Parties
1- filerCIK 0001599979
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 8:42 PM ET
- Size
- 13.8 KB