Allison C. Ausband - Jun 1, 2021 Form 3 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
EVP-Chief Cust Experience Offr
Signature
/s/ Alan T. Rosselot attorney-in-fact for Allison C. Ausband
Stock symbol
DAL
Transactions as of
Jun 1, 2021
Transactions value $
$0
Form type
3
Date filed
6/9/2021, 05:00 PM
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DAL Common Stock 33.9K Jun 1, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DAL Employee Stock Option (right to buy) Jun 1, 2021 Common Stock 7.51K $49.33 Direct F2
holding DAL Employee Stock Option (right to buy) Jun 1, 2021 Common Stock 9.71K $51.23 Direct F3
holding DAL Employee Stock Option (right to buy) Jun 1, 2021 Common Stock 11.1K $50.52 Direct F4
holding DAL Employee Stock Option (right to buy) Jun 1, 2021 Common Stock 7.26K $39.78 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 14,476 shares of restricted common stock. Of these restricted shares, (i) 2,220 were granted to the Reporting Person on February 6, 2019 and will vest on February 1, 2022, (ii) 3,806 were granted to the Reporting Person on February 5, 2020 and will vest in two equal installments on February 1, 2022 and 2023 and (iii) 8,450 were granted on February 3, 2021 and will vest in three equal installments on February 1, 2022, 2023 and 2024. The grants of restricted stock were approved by the Personnel & Compensation Committee ("P&C Committee") of Delta's Board of Directors and are exempt from Section 16(b) of the Securities Exchange Act of 1934 ("Exchange Act") under Rule 16b-3(d)(1).
F2 On February 9, 2017, the P&C Committee granted to the Reporting Person an option to purchase 7,510 shares of common stock. The option vested subject to Delta's satisfaction of certain performance criteria, which were certified by the P&C Committee on February 8, 2018. This grant is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
F3 On February 8, 2018, the P&C Committee granted to the Reporting Person an option to purchase 9,710 shares of common stock. The option vested subject to Delta's satisfaction of certain performance criteria, which were certified by the P&C Committee on February 6, 2019. This grant is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
F4 On February 6, 2019, the P&C Committee granted to the Reporting Person an option to purchase 11,110 shares of common stock. The option vested subject to Delta's satisfaction of certain performance criteria. Because the performance criteria were met, as certified by the P&C Committee on February 5, 2020, the option as to 7,407 shares has vested; the option for the remaining 3,703 shares will vest on February 1, 2022. This grant is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
F5 On February 3, 2021, the P&C Committee granted to the Reporting Person an option to purchase 7,260 shares of common stock under the 2021 long-term incentive program. The option vests in three equal installments on February 1, 2022, 2023 and 2024. This grant is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).

Remarks:

Exhibit 24 - Power of Attorney