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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
priceline.com Incorporated
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(Name of Issuer)
common stock, par value $.008 per share
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(Title of Class of Securities)
741503106
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(CUSIP Number)
Robert S. Harkey, Esquire
Senior Vice President - General Counsel
Delta Air Lines, Inc.
Hartsfield Atlanta International Airport
Atlanta, Georgia 30320
(404) 715-2387
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 22, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) for
other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
(Page 1 of 4 pages)
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SCHEDULE 13D
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CUSIP NO. 741503106 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Delta Air Lines, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
11,897,567
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY 0
EACH
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
11,897,567
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,897,567
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 741503106 Page 3 of 4 Pages
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This Amendment No. 5 to Schedule 13D relating to the common
stock of priceline.com Incorporated, a Delaware corporation ("priceline"), is
being filed on behalf of Delta Air Lines, Inc., a Delaware corporation
("Delta"), to amend the Schedule 13D which was originally filed with the
Securities and Exchange Commission ("SEC") on July 21, 1999 and which was
amended on July 30, 1999, August 19, 1999, November 17, 1999 and November 18,
1999 (the "Schedule 13D"). Unless otherwise indicated, all capitalized terms
used herein but not defined herein shall have the meaning as set forth in the
Schedule 13D.
ITEM 5 INTEREST IN SECURITIES OF PRICELINE.COM
Item 5 is hereby amended by adding the following information:
Between November 18, 1999 and November 23, 1999, Delta sold
2,542,500 shares of priceline's common stock in transactions on the Nasdaq
National Market for an aggregate sales price of $172,327,092.25 (the "Open
Market Sales"). The Open Market Sales are summarized as follows: (a) Delta sold
1,225,000 shares on November 18, 1999 at an average price per share of $71.3688,
(b) Delta sold 65,000 shares on November 19, 1999 at an average price per share
of $68.8269, (c) Delta sold 515,000 shares on November 22, 1999 at an average
price per share of $66.7775, and (d) Delta sold 737,500 shares on November 23,
1999 at an average price per share of $62.4219.
As a result of the Open Market Sales, Delta is the beneficial
owner, pursuant to Rule 13d-3(d)(1), of 11,897,567 shares of priceline's
common stock. The shares beneficially owned by Delta represent approximately
7.3% of the 163,217,026 shares of priceline's common stock which priceline
indicated to Delta were outstanding on November 16, 1999.
ITEM 7 MATERIALS FILED AS EXHIBITS
<TABLE>
<CAPTION>
Exhibit Description
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<S> <C>
18. Letter Agreement, dated July 16, 1999, between Delta and priceline*
</TABLE>
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* Incorporated by reference to Exhibit 10.11.4 of priceline's registration
statement on Form S-1 filed with the SEC on July 22, 1999 (SEC file number
333-83513)
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CUSIP NO. 741503106 Page 4 of 4 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: November 24, 1999 Delta Air Lines, Inc.
By: /s/ M. Michele Burns
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M. Michele Burns
Vice President and Treasurer
