DELTA AIR LINES, INC. — Director's Dealing 2017

Oct 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES INC /DE/ (DAL)
CIK: 0000027904
Period of Report: 2017-10-13

Reporting Person: Smith Joanne D (EVP & Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-13	Common Stock	M	30000	$7.99	Acquired	107223	Direct
2017-10-13	Common Stock	S	30000	$53.616	Disposed	77223	Direct
2017-10-13	Common Stock	S	3863	$53.563	Disposed	73360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-13	Employee Stock Option (right to buy)	$7.99	M	30000	Disposed	2018-10-28	Common Stock (30000)	Direct

Footnotes

F1: The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $53.58 to $53.62 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 reported shares were sold in open market transactions through a broker-dealer at prices ranging from $53.56 to $53.57 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.

F3: The option is currently exercisable.