SEC Form 4 · accession 0001140361-17-042233
Knight-Swift Transportation Holdings Inc. · KNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P Knight
Officer — Executive Chairman · Director
Period of report
Nov 9, 2017
Accepted (ET)
Nov 13, 2017 · 6:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001492691
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Nov 9, 2017 | A | 31,048 | A | — | — | Class A Common Stock | 31,048 | 31,048 | D |
| Restricted Stock UnitsF4,F3 | — | Nov 9, 2017 | A | 46,572 | A | — | — | Class A Common Stock | 46,572 | 46,572 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock.
- F2The restricted stock units vest in three installments as follows: 34% on January 31, 2019; 33% on January 31, 2020; and 33% on January 31, 2021. When this equity grant is vested, it will be settled in cash.
- F3Each restricted stock unit represents a contingent right to receive one share of KNX Class A common stock, subject to adjustment based on certain performance targets over a three-year performance period ending on December 31, 2020.
- F4The number of derivative securities is subject to adjustment based on achieving or failing to achieve performance targets measured over a three-year performance period ending on December 31, 2020. The shares earned under this award will vest on January 31, 2021. When this equity grant is vested, it will be settled in cash.