|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series B ESOP Convertible Preferred Stock | (2) | (2) | (2) | Common Stock | (2) | 0 (1) | I | Savings Plan |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Whitehurst James M DELTA AIR LINES, INC., DEPT. 981 P.O. BOX 20574 ATLANTA, GA 30320 |
Chief Operating Officer |
Nanci Oliver Sloan as attorney-in-fact for James M. Whitehurst | 09/08/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | See paragraph titled "BACKGROUND INFORMATION ON LIQUIDATION OF COMMON STOCK AND PREFERRED STOCK UNDER DELTA FAMILY-CARE SAVINGS PLAN" in the Remarks section, below for information regarding the events leading to the removal of Delta common stock ("Common Stock") and Series B ESOP Convertible Preferred Stock ("Preferred Stock") from Reporting Person's account under the Delta Family-Care Savings Plan (the "Plan"). |
(2) | Preferred Stock held under the Plan had no expiration date and was convertible into Common Stock at a rate of 1.7155 shares of Common Stock for each share of Preferred Stock. |
Remarks: BACKGROUND INFORMATION ON LIQUIDATION OF COMMON STOCK AND PREFERRED STOCK UNDER DELTA FAMILY-CARE SAVINGS PLAN: All holdings of Delta Common Stock and Preferred Stock, including Reporting Person's holdings, were eliminated from the ESOP portion of the Plan (the "ESOP Accounts") by March 31, 2006. As part of this process, U.S. Trust, the independent fiduciary investment manager for the Plan, and Delta agreed to offer a special distribution program permitting eligible Delta employees, who had participated in the Plan for at least five years as of December 31, 2005, to receive a distribution (the "Distribution") of the Common Stock and Preferred Stock in their ESOP Account. The Distribution was approved by the U.S. Bankruptcy Court on December 19, 2005. Reporting Person was not eligible to participate in the Distribution. However, as part of the Distribution, remaining unallocated shares of Preferred Stock were allocated (1) to the ESOP Accounts of participants in the Distribution who chose to transfer their Distribution into a Fidelity IRA and (2) to the ESOP Accounts of Plan participants, like the Reporting Person, who did not meet the eligibility requirements necessary to participate in the Distribution. After the Distribution had been executed, U.S. Trust directed the conversion to Common Stock of all remaining shares of Preferred Stock and thereafter sold all the Common Stock in the ESOP Account. For this reason, Reporting Person no longer holds any shares of Common Stock or Preferred Stock in his ESOP Account. |