BUDD EDWARD H 4
4 · DELTA AIR LINES INC /DE/ · Filed Oct 4, 2004
Insider Transaction Report
Form 4
BUDD EDWARD H
Director
Transactions
- Award
Phantom Stock Units
2004-10-01$3.45/sh+5,543$19,123→ 25,787 total→ Common Stock (5,543 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 become payable to the reporting person, in cash, in accordance with his deferral elections.