John E. Laughter - 01 Jun 2021 Form 3 Insider Report for DELTA AIR LINES, INC. (DAL)

Role: EVP - Chief of Operations
Signature: /s/ Alan T. Rosselot attorney-in-fact for John E. Laughter
Issuer symbol: DAL
Transactions as of: 01 Jun 2021
Net transactions value: $0
Form type: 3
Filing time: 09 Jun 2021, 17:01:04 UTC
Next filing: 02 Sep 2021
SEC: View on sec.gov

Key filing fact

John E. Laughter filed Form 3 for DELTA AIR LINES, INC. (DAL) on 09 Jun 2021.

Key facts

This page summarizes John E. Laughter's Form 3 filing for DELTA AIR LINES, INC. (DAL).
0 reported transactions and 4 derivative rows are listed below.
Filing timestamp: 09 Jun 2021, 17:01.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC Source

Ownership activity is grounded in SEC Form 3 disclosures.

See Original Filing

Reported transactions

DAL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 24,160
Date: 01 Jun 2021
Ownership: Direct
Footnotes: F1

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

DAL holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 01 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,503
Exercise price: $49.33
Footnotes: F2

DAL holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 01 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,710
Exercise price: $51.23
Footnotes: F3

DAL holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 01 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,110
Exercise price: $50.52
Footnotes: F4

DAL holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 01 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,080
Exercise price: $39.78
Footnotes: F5

An asterisk next to the price means the reported price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 17,540 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) 4,760 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) 10,560 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	Represents an option granted by the P&C Committee to the Reporting Person on February 9, 2017 to purchase 2,503 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 9,080 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