BUDD EDWARD H 4
4 · DELTA AIR LINES INC /DE/ · Filed Jan 6, 2004
Insider Transaction Report
Form 4
BUDD EDWARD H
Director
Transactions
- Award
Phantom Stock Units
2004-01-05$11.88/sh+432$5,132→ 15,424 totalExercise: $0.00→ Common Stock (432 underlying) - Award
Common Stock
2004-01-05$11.88/sh+421$5,001→ 13,001 total
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.