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DELTA AIR LINES, INC. Director's Dealing 2007

Feb 14, 2007

30081_dirs_2007-02-14_4f6bde9a-5432-4730-b972-a76c41fedd92.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES INC /DE/ (DALRQ.PK)
CIK: 0000027904
Period of Report: 2006-12-31

Reporting Person: Matsen Paul G (Left Delta effective 6/1/06)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 600 Direct
Common Stock 0 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series B ESOP Convertible Preferred Stock $ Common Stock () 0 Indirect

Footnotes

F1: See paragraph titled "BACKGROUND INFORMATION ON LIQUIDATION OF COMMON STOCK AND PREFERRED STOCK UNDER DELTA FAMILY-CARE SAVINGS PLAN" in the Remarks section, below for information regarding the events leading to the removal of Delta common stock ("Common Stock") and Series B ESOP Convertible Preferred Stock ("Preferred Stock") from Reporting Person's account under the Delta Family-Care Savings Plan (the "Plan").

F2: Preferred Stock held under the Plan had no expiration date and was convertible into Common Stock at a rate of 1.7155 shares of Common Stock for each share of Preferred Stock.