SEC Form 4 · accession 0001235802-16-000226
MARTEN TRANSPORT LTD · MRTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Turner
Officer — Sr. Vice President of Sales
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 4:34 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 | May 24, 2016 | M | 1,200 | $12.413 | A | 25,913 | D | |
| Common StockF1 | May 24, 2016 | S | 1,200 | $19.30 | D | 24,713 | D | |
| Common StockF1 | May 25, 2016 | M | 1,200 | $12.413 | A | 25,913 | D | |
| Common StockF1 | May 25, 2016 | S | 1,200 | $19.50 | D | 24,713 | 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)F2 | $12.413 | May 24, 2016 | M | 1,200 | D | — | Jan 1, 2017 | Common Stock | 1,200 | 6,300 | D |
| Employee Stock Option (right to buy)F2 | $12.413 | May 25, 2016 | M | 1,200 | D | — | Jan 1, 2017 | Common Stock | 1,200 | 5,100 | D |
Explanation of responses
- F1Includes: (i) 1,150 shares granted under a Performance Unit Award Agreement that vest on 12/31/2016 through 12/31/2020; (ii) 940 shares granted under a Performance Unit Award Agreement that vest on 12/31/2016 through 12/31/2019; (iii) 705 shares granted under a Performance Unit Award Agreement that vest on 12/31/2016 through 12/31/2018, (iv) 705 shares granted under a Performance Unit Award Agreement that vest on 12/31/2016 through 12/31/2017, (v) 344 shares granted under a Performance Unit Award Agreement that vest on 12/31/2016 and (vi) 11,990.71 shares that the reporting person has deferred under the Issuer's deferred compensation plan.
- F2This option has fully vested.