<SEC-DOCUMENT>0001019687-14-000435.txt : 20140210
<SEC-HEADER>0001019687-14-000435.hdr.sgml : 20140210
<ACCEPTANCE-DATETIME>20140210163544
ACCESSION NUMBER:		0001019687-14-000435
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140206
FILED AS OF DATE:		20140210
DATE AS OF CHANGE:		20140210

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DELTA AIR LINES INC /DE/
		CENTRAL INDEX KEY:			0000027904
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				580218548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		HARTSFIELD ATLANTA INTL AIRPORT
		STREET 2:		1030 DELTA BLVD
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30354-1989
		BUSINESS PHONE:		4047152600

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 20706
		STREET 2:		DEPT 981
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30320-6001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DELTA AIR CORP
		DATE OF NAME CHANGE:	19660908

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bastian Edward H
		CENTRAL INDEX KEY:			0001289878

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05424
		FILM NUMBER:		14589556

	MAIL ADDRESS:	
		STREET 1:		C/O ACUITY BRANDS INC.
		STREET 2:		1170 PEACHTREE STREET, NE, SUITE 2400
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>bastian_frm4-02614.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2014-02-06</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000027904</issuerCik>
        <issuerName>DELTA AIR LINES INC /DE/</issuerName>
        <issuerTradingSymbol>DAL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001289878</rptOwnerCik>
            <rptOwnerName>Bastian Edward H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DELTA AIR LINES, INC., DEPT. 981</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 20574</rptOwnerStreet2>
            <rptOwnerCity>ATLANTA,</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30320</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
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            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>113306</value>
                    <footnoteId id="F1"/>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>465348</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
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                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.89</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
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                    <value>D</value>
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        </nonDerivativeTransaction>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
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            <transactionDate>
                <value>2014-02-06</value>
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            <transactionAmounts>
                <transactionShares>
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                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <value>2014-02-06</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-02-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
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            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
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                <value>14.86</value>
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                <value>2014-02-06</value>
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                    <value>125000</value>
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                <transactionPricePerShare>
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                <value>2023-02-01</value>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                    <footnoteId id="F5"/>
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                <directOrIndirectOwnership>
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        </derivativeTransaction>
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    <footnotes>
        <footnote id="F1">Settlement of performance awards granted under Delta's 2012 long-term incentive program which were earned effective February 6, 2014. The grant of the performance awards was approved by the Personnel &amp; Compensation Committee of Delta's Board of Directors (the &quot;Committee&quot;) and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).</footnote>
        <footnote id="F2">Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2012 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).</footnote>
        <footnote id="F3">The Committee granted Mr. Bastian 64,750 shares of restricted common stock under Delta's 2014 long-term incentive program. Subject to the terms of the award, the restrictions on the shares will lapse in three equal annual installments on February 1, 2015, 2016 and 2017. Until the restrictions lapse, Mr. Bastian may not sell or transfer the shares, which will be subject to forfeiture in certain circumstances. 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).</footnote>
        <footnote id="F4">On February 2, 2012, the Committee granted Mr. Bastian an option to purchase 159,240 shares of common stock. The option vests based on Delta's satisfaction of certain performance criteria. Because the performance criteria were met, the option as to 53,080 shares vested, and the option for the remaining 53,080 shares will vest on February 1, 2015, generally subject to continued employment on that date. The performance criteria was certified by the Committee on February 6, 2014. 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).</footnote>
        <footnote id="F5">On February 7, 2013, the Committee granted Mr. Bastian an option to purchase 125,000 shares of common stock. The option vests based on Delta's satisfaction of certain performance criteria. Because the performance criteria were met, the option as to 41,667 shares vested, and the option for the remaining 83,333 shares will vest in equal installments on February 1, 2015 and February 1, 2016. The performance criteria was certified by the Committee on February 6, 2014. 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).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jan M. Davidson as attorney-in-fact for Edward H. Bastian</signatureName>
        <signatureDate>2014-02-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
