BUDD EDWARD H 4
4 · DELTA AIR LINES INC /DE/ · Filed Nov 25, 2003
Insider Transaction Report
Form 4
BUDD EDWARD H
Director
Transactions
- Award
Phantom Stock Units
2003-11-24$12.25/sh+81$992→ 14,992 totalExercise: $0.00→ Common Stock (81 underlying)
Footnotes (1)
- [F1]The phantom stock units were accrued under Delta's Directors' Deferred Compensation Plan. They are convertible into Delta common stock on a 1-for-1 basis. The deferral period ends December 31 of the year of the reporting person's retirement from Delta's Board of Directors and, thereafter, the deferred amounts will be paid to the reporting person in accordance with his deferral elections.