SEC Form 4 · accession 0001235802-17-000030
MARTEN TRANSPORT LTD · MRTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Turner
Officer — Senior Vice President of Sales
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 5:21 pm EST
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 | Feb 24, 2017 | M | 1,000 | $11.04 | A | 25,756 | D | |
| Common StockF1 | Feb 24, 2017 | S | 1,000 | $24.3675 | D | 24,756 | 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 | $11.04 | Feb 24, 2017 | M | 1,000 | D | — | Aug 13, 2017 | Common Stock | 1,000 | 9,750 | 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) 12,033.68 shares that the reporting person has deferred under the Issuer's deferred compensation plan.
- F2This option has fully vested.