SEC Form 4 · accession 0001567619-18-008743
Knight-Swift Transportation Holdings Inc. · KNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jerry Moyes
10% Owner · Other
MOYES JERRY & VICKIE FAMILY TRUST
10% Owner
Vickie Moyes
10% Owner
Period of report
Dec 21, 2018
Accepted (ET)
Dec 27, 2018 · 5:02 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Right to PurchaseF1,F2 | — | Dec 21, 2018 | J | 1 | D | May 21, 2018 | Feb 15, 2019 | Class A Common Stock | 1,537,205 | 0 | I |
| Right to PurchaseF2,F1 | — | holding | — | — | — | May 21, 2018 | Feb 15, 2019 | Class A Common Stock | 3,331,003 | 1 | I |
Explanation of responses
- F1The reported transaction involves a partial termination of an existing and previously reported Sale and Repurchase Agreement (the "Repurchase Agreement") by Cactus Holding Company II, LLC ("Cactus II"). Under the Repurchase Agreement, Cactus II had the right to repurchase 4,868,208 shares of the issuer's common stock at any time prior to the expiration date and a fully recourse obligation to repurchase such shares on the expiration date. As previously reported, Cactus II initially received an aggregate of $84,483,693 and the maximum amount available for advance was subsequently increased to $125,000,000. The repurchase price is equal to the outstanding balance of the amount advanced plus accrued interest. In the reported transaction, the number of shares underlying the Repurchase Agreement was reduced by 1,537,205 and the repurchase price was reduced by $37,612,793. 3,331,003 shares remain subject to the Repurchase Agreement.
- F2Shares are held directly by Cactus II. Cactus II is a wholly owned subsidiary of Cactus Holding Company III, LLC, of which the reporting persons constitute all of the members. The Jerry and Vickie Moyes Family Trust is the sole manager of Cactus II.