DELTA AIR LINES, INC. — Director's Dealing 2018

Jan 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES INC /DE/ (DAL)
CIK: 0000027904
Period of Report: 2018-01-16

Reporting Person: Jacobson Paul A (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-16	Common Stock	M	20500	$7.99	Acquired	377470	Direct
2018-01-16	Common Stock	S	20500	$60.484	Disposed	356970	Direct
2018-01-17	Common Stock	M	28862	$7.99	Acquired	385832	Direct
2018-01-17	Common Stock	S	28862	$60.001	Disposed	356970	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-16	Employee Stock Option (right to buy)	$7.99	M	20500	Disposed	2018-10-28	Common Stock (20500)	Direct
2018-01-17	Employee Stock Option (right to buy)	$7.99	M	28862	Disposed	2018-10-28	Common Stock (28862)	Direct

Footnotes

F1: The reported shares were sold in open market transactions through a broker-dealer at prices ranging from $60.40 to $60.53 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 $60.00 to $60.01 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.