DELTA AIR LINES, INC. — Director's Dealing 2021

Feb 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELTA AIR LINES, INC. (DAL)
CIK: 0000027904
Period of Report: 2021-02-03

Reporting Person: BELLEMARE ALAIN (EVP & Pres. - International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-03	Common Stock	A	41860	—	Acquired	118990	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-03	Employee Stock Option (right to buy)	$39.78	A	68060	Acquired	2031-02-02	Common Stock (68060)	Direct

Footnotes

F1: The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Bellemare 41,860 shares of restricted common stock under Delta's 2021 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).

F2: On February 3, 2021, the Committee granted Mr. Bellemare an option to purchase 68,060 shares of common stock under the 2021 long-term incentive program. The option vests in three equal installments beginning on February 1, 2022. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).