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Filing Details

Accession Number:: 0001209191-20-023250
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-04-03 17:02:43
Reporting Period:: 2020-04-01

Accepted Time:: 2020-04-03 17:02:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
27904	Delta Air Lines Inc.	DAL	Air Transportation, Scheduled (4512)	580218548

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
315090	E Warren Buffett	3555 Farnam Street Omaha NE 68131		No	No	Yes	No
1067983	Berkshire Hathaway Inc	3555 Farnam Street Omaha NE 68131		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-04-01	3,834,559	$24.04	68,052,404	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-01	3,244,166	$25.27	64,808,238	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-01	669,041	$26.04	64,139,197	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-02	2,727,703	$22.96	61,411,494	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-02	2,461,432	$23.86	58,950,062	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2020-04-02	49,303	$24.53	58,900,759	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.695 to $24.69. The Reporting Persons undertake to provide Delta Air Lines, Inc., any security holder of Delta Air Lines, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 1 to this Form 4.
The total reported securities are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): National Indemnity Company (51,907,636) and Government Employees Insurance Company (6,993,123). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares of Common Stock presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares of Common Stock presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.695 to $25.69. The Reporting Persons undertake to provide Delta Air Lines, Inc., any security holder of Delta Air Lines, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 3 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.695 to $26.44. The Reporting Persons undertake to provide Delta Air Lines, Inc., any security holder of Delta Air Lines, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 4 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.51 to $23.505. The Reporting Persons undertake to provide Delta Air Lines, Inc., any security holder of Delta Air Lines, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 5 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.51 to $24.505. The Reporting Persons undertake to provide Delta Air Lines, Inc., any security holder of Delta Air Lines, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 6 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.51 to $24.625. The Reporting Persons undertake to provide Delta Air Lines, Inc., any security holder of Delta Air Lines, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 7 to this Form 4.