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Filing Details

Accession Number:: 0001019687-12-000350
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-02-06 16:35:42
Reporting Period:: 2012-02-02

Filing Date:: 2012-02-06
Accepted Time:: 2012-02-06 16:35:42
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
27904	Delta Air Lines Inc	DAL	Air Transportation, Scheduled (4512)	580218548

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1193002	W Glen Hauenstein	C/O Delta Air Lines, Inc., Dept. 981 P.o. Box 20574 Atlanta, GA 30320	Evp-Mktg,Ntwk Plng & Rev Mgmt	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2012-02-02	78,828	$0.00	250,978	No	4	A	Direct
Common Stock	Disposition	2012-02-02	33,462	$11.10	217,516	No	4	F	Direct
Common Stock	Acquisiton	2012-02-02	96,850	$0.00	314,366	No	4	A	Direct
Common Stock	Acquisiton	2012-02-02	90,100	$0.00	404,466	No	4	A	Direct
Common Stock	Disposition	2012-02-03	46,636	$11.39	357,830	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	A	Direct
No	4	A	Direct
No	4	S	Direct

Footnotes

Settlement of performance awards granted under Delta's 2010 long-term incentive program which were earned effective February 2, 2012. 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).
Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2010 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).
The Committee granted Mr. Hauenstein 96,850 shares of restricted common stock under Delta's 2012 long-term incentive program. Subject to the terms of the award, including Mr. Hauenstein's continued employment with Delta, the restrictions on the shares will lapse with respect to 50 percent of the shares on each of February 1, 2013 and February 1, 2014. Until the restrictions lapse, Mr. Hauenstein may not sell or transfer the shares, which will be subject to forfeiture in certain circumstances.
The shares represent a restricted stock award to Mr. Hauenstein, as approved by the Committee on February 2, 2012. Subject to the terms of the award, including Mr. Hauenstein's continued employment with Delta, the restrictions will lapse with respect to 50 percent of the shares on each of February 1, 2014 and February 1, 2015. Until the restrictions lapse, Mr. Hauenstein may not sell or transfer the shares, which will be subject to forfeiture in certain circumstances.