SEC Form 4 · accession 0001235802-15-000059
MARTEN TRANSPORT LTD · MRTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy M Kohl
Officer — President
Period of report
Apr 23, 2015
Accepted (ET)
Apr 27, 2015 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000799167
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 23, 2015 | M | 1,640 | $11.68 | A | 81,670 | D | |
| Common StockF2,F1 | Apr 23, 2015 | S | 1,640 | $24.0073 | D | 80,030 | D | |
| Common StockF1 | Apr 24, 2015 | M | 300 | $11.68 | A | 80,330 | D | |
| Common StockF1 | Apr 24, 2015 | S | 300 | $24.00 | D | 80,030 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $11.68 | Apr 23, 2015 | M | 1,640 | D | — | May 6, 2015 | Common Stock | 1,640 | 27,139 | D |
| Employee Stock Option (right to buy)F3 | $11.68 | Apr 24, 2015 | M | 300 | D | — | May 6, 2015 | Common Stock | 300 | 26,839 | D |
Explanation of responses
- F1Includes: (i) 1,740 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015 through 12/31/2018, (ii) 1,957 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015 through 12/31/2017, (iii) 600 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015, (iv) 1,275 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015 through 12/31/2016 and (v) 16,712.17 shares that the reporting person has deferred under the Issuer's deferred compensation plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.04, inclusive. The reporting person undertakes to provide to Marten Transport, Ltd., any security holder of Marten Transport, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3This option has fully vested.