SEC Form 4 · accession 0001628280-17-005934
Knight-Swift Transportation Holdings Inc. · KNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jose A Cardenas
Director
Period of report
May 24, 2017
Accepted (ET)
May 25, 2017 · 6:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001492691
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | May 24, 2017 | A | 4,168 | $23.99 | A | 15,443 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an award of restricted shares of Class A common stock granted under the Issuer's 2014 Omnibus Incentive Plan. Pursuant to the Restricted Stock Grant Award Notice (the "Agreement"), the restricted shares vest on the first anniversary from the grant date, subject to certain termination and forfeiture provisions. Further, if Grantee's service as a member of the Board is terminated in connection with the transactions contemplated by the Agreement and Plan of Merger by and Among the Company, Bishop Merger Sub, Inc. and Knight Transportation, Inc. dated as of April 9, 2017, then a portion of the shares of restricted stock granted above shall become vested as of the date of Grantee's termination of service, determined by multiplying the number of shares of restricted stock granted herein by a fraction, the numerator of which is the number of completed days of Grantee's service following the Grant Date prior to termination of Board service, and the denominator of which is 365.