SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
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)
January 29, 2002
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(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 ss.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 5 pages)
SCHEDULE 13D
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CUSIP NO. 741503106 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00
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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
NUMBER OF 13,529,724
SHARES ---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
13,529,724
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,529,724
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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)
5.68%
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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 5 Pages
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ITEM 1 SECURITY AND ISSUER
This Amendment No. 8 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 on October 20, 2000 and which was amended on
November 14, 2000, February 6, 2001, May 24, 2001, June 8, 2001, June 13, 2001,
June 29, 2001 and August 8, 2001 (as amended, the "Schedule 13D"). Unless
otherwise indicated, all capitalized terms used herein but not defined herein
shall have the meanings set forth in the Schedule 13D.
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended by adding the following information:
On January 29, 2002, Delta partially exercised the 2001 Warrant
and acquired 4,000,000 shares of priceline common stock by surrendering to
priceline 11,875 shares of Series B Preferred Stock.
On February 6, 2002, priceline will pay to Delta a dividend (the
"February 2002 Series B Dividend") of 454,308 shares of priceline common stock
on the shares of Series B Preferred Stock held by Delta.
ITEM 5 INTEREST IN SECURITIES OF PRICELINE
Item 5 is hereby amended by adding the following information:
Between August 8, 2001 and January 30, 2002, Delta sold
2,983,274 shares of priceline common stock in transactions on the Nasdaq
National Market for an aggregate sales price of approximately $19,489,893.75
(the "Open Market Sales"). The Open Market Sales are summarized as follows: (a)
Delta sold 190,000 shares on August 8, 2001 at an average price per share of
$8.77, (b) Delta sold 100,000 shares on August 13, 2001 at an average price per
share of $8.25, (c) Delta sold 150,000 shares on August 14, 2001 at an average
price per share of $8.28, (d) Delta sold 60,000 shares on August 15, 2001 at an
average price per share of $8.06, (e) Delta sold 1,000,000 shares on December
18, 2001 at an average price per share of $6.07, (f) Delta sold 95,000 shares on
December 19, 2001 at an average price per share of $6.11, (g) Delta sold 500,000
shares on January 28, 2002 at an average price per share of $6.20, (h) Delta
sold 696,728 shares on January 29, 2002 at an average price per share of $6.25
and (i) Delta sold 191,546 shares on January 30, 2002 at an average price per
share of $6.10.
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CUSIP NO. 741503106 Page 4 of 5 Pages
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As a result of the Open Market Sales and the February 2002
Series B Dividend, Delta is the beneficial owner of 13,529,724 shares of
priceline common stock. The shares beneficially owned by Delta represent
approximately 5.68% (assuming the exercise of Delta's right to purchase all
4,675,000 shares of priceline common stock pursuant to the Amended 1999 Warrant
and the exercise of Delta's right to purchase the remaining 4,537,199 shares of
priceline common stock pursuant to the 2001 Warrant) of the shares of priceline
common stock outstanding on November 12, 2001, as set forth in priceline's
Quarterly Report on Form 10-Q for the quarter ended September 30, 2001. The
number of shares of priceline common stock beneficially owned by Delta and the
number of shares of priceline common stock assumed to be outstanding have been
adjusted pursuant to Rule 13d-1(j) and Rule 13d-3(d)(1).
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CUSIP NO. 741503106 Page 5 of 5 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: January 31, 2002 Delta Air Lines, Inc.
By: /s/ M. Michele Burns
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M. Michele Burns
Executive Vice President and
Chief Financial Officer