DELTA AIR LINES, INC. — Director's Dealing 2016

Dec 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES INC /DE/ (DAL)
CIK: 0000027904
Period of Report: 2016-12-21

Reporting Person: Bastian Edward H (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-21	Common Stock	M	42900	$18.84	Acquired	275202	Direct
2016-12-21	Common Stock	S	42900	$50.7511	Disposed	232302	Direct
2016-12-21	Common Stock	M	60100	$16.88	Acquired	292402	Direct
2016-12-21	Common Stock	S	60100	$50.7811	Disposed	232302	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-21	Employee Stock Option (right to buy)	$18.84	M	42900	Disposed	2017-04-29	Common Stock (42900)	Direct
2016-12-21	Employee Stock Option (right to buy)	$16.88	M	60100	Disposed	2017-08-31	Common Stock (60100)	Direct

Footnotes

F1: The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $50.75 to $50.77 per share. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.

F2: The option vested in three equal annual installments on April 30, 2008, 2009 and 2010.

F3: The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $50.75 to $50.845 per share. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.

F4: The option vested in three equal annual installments on September 1, 2008, 2009 and 2010.