SEC Form 4 · accession 0001212393-15-000006
HEARTLAND EXPRESS INC · HTLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Gerdin
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 10, 2015
Accepted (ET)
Jun 4, 2015 · 3:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000799233
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 10, 2015 | S | 3,737,500 | $23.0375 | D | 4,309,316 | I | Beneficiary of Trust |
| Common StockF2 | Jun 4, 2015 | G | 493,422 | $0.00 | A | 4,802,738 | I | Beneficiary of Trust |
| Common Stock | Jun 4, 2015 | G | 924,316 | $0.00 | D | 14,145,906 | I | Trustee of GRATs |
| Common StockF5 | holding | — | — | — | 29,984 | I | Trustee of Trust | |
| Common StockF6 | holding | — | — | — | 2,043,372 | I | Beneficiary of Trust | |
| Common StockF7 | holding | — | — | — | 562,669 | I | Beneficiary of Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Transaction represents a sale by the 2009 Gerdin Heartland Trust and was previously reported by the trustee of the trust.
- F2The reporting person is one of the beneficiaries of the 2009 Gerdin Heartland Trust. Mr. Gerdin does not have voting and dispositive powers with respect to this trust. Lawrence D. Crouse serves as trustee. Beneficial ownership is disclaimed.
- F3A remainder interest of 493,422 shares was distributed from a grantor retained annuity trust created for the benefit of Ann Gerdin to the 2009 Gerdin Heartland Trust.
- F4An annuity distribution of 924,316 shares, including a remainder interest of 493,422 shares, was made from a grantor retained annuity trust created for the benefit of Ann Gerdin. The reporting person serves as trustee over this GRAT and has no pecuniary interest other than a remainder interest, if any. As trustee, Mr. Gerdin has voting and dispositive powers with respect to the GRAT. This transactions does not constitute a gift to the reporting person. Benefical ownership is disclaimed.
- F5The reporting person is trustee over shares held by trusts created for the benefit of his children. As trustee, Mr. Gerdin has shared voting and dispositive powers with respect to each trust. Beneficial ownership is disclaimed.
- F6The reporting person is one of the beneficiaries of the 2005 Gerdin Children's Trust. Mr. Gerdin does not have voting and dispositive powers with respect to this trust. Lawrence D. Crouse serves as trustee. Beneficial ownership is disclaimed.
- F7The reporting person is one of the beneficiaries of the 2007 Gerdin Heartland Trust. Mr.Gerdin does not have voting and dispositive powers with respect to this trust. Lawrence D. Crouse serves as trustee. Beneficial ownership is disclaimed.