DELTA AIR LINES, INC. — Director's Dealing 2015

Dec 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES INC /DE/ (DAL)
CIK: 0000027904
Period of Report: 2015-12-23

Reporting Person: Jacobson Paul A (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-23	Common Stock	M	7000	$7.99	Acquired	267322	Direct
2015-12-23	Common Stock	S	7000	$51.74	Disposed	260322	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-23	Employee Stock Option (right to buy)	$7.99	M	7000	Disposed	2018-10-28	Common Stock (7000)	Direct

Footnotes

F1: The shares were sold pursuant to a Rule 10b5-1 trading plan dated February 19, 2015 (the "Trading Plan").

F2: The option was exercised pursuant to the Trading Plan.

F3: The option vested 20% on May 1, 2009, 20% on November 1, 2009, 20% on May 1, 2010 and 40% on November 1, 2011.