SEC Form 4 · accession 0001567619-18-006220
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 12, 2018
Accepted (ET)
Nov 14, 2018 · 3:50 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 12, 2018 | A | 36,507 | A | — | — | Class A Common Stock | 36,507 | 36,507 | D |
| Performance Restricted Stock UnitsF3,F4 | — | Nov 12, 2018 | A | 54,761 | A | — | — | Class A Common Stock | 54,761 | 54,761 | 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, 2020, 33% on January 31, 2021, and 33% on January 31, 2022. When this equity grant is vested, it will be settled in cash.
- F3Each performance based 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 performance period ending on December 31, 2021.
- F4The number of derivative securities is subject to adjustment based on achieving or failing to achieve performance targets measured over a performance period ending on December 31, 2021. This award will vest on January 31, 2022. When this equity grant is vested, it will be settled in cash.