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

Dec 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES INC /DE/ (DAL)
CIK: 0000027904
Period of Report: 2016-12-07

Reporting Person: Sear Steven M (Pres. Int'l & EVP Global Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-07	Common Stock	M	4671	$16.86	Acquired	52174	Direct
2016-12-07	Common Stock	S	4671	$49.50	Disposed	47503	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-07	Employee Stock Option (right to buy)	$16.86	M	4671	Disposed	2017-07-12	Common Stock (4671)	Direct

Footnotes

F1: The shares were sold pursuant to a Rule 10b5-1 trading plan dated August 30, 2016 (the "Trading Plan").

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

F3: The option is currently exercisable.