SEC Form 4 · accession 0000912728-15-000012
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney L Bell
Officer — CFO, SVP & Treasurer
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 4:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912728
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2014 | J | 13 | $0.00 | A | 72,192 | D | |
| Common Stock | Feb 6, 2015 | M | 75,000 | $28.9733 | A | 147,192 | D | |
| Common StockF2 | Feb 6, 2015 | F | 51,777 | $0.00 | D | 95,415 | D | |
| Common Stock | Feb 6, 2015 | F | 780 | $0.00 | D | 94,635 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $28.9733 | Feb 6, 2015 | M | 75,000 | D | — | Feb 14, 2015 | Common Stock | 75,000 | 0 | D |
Explanation of responses
- F1Includes 12.8754 shares acquired under the Issuer's employee stock purchase plan in June and December 2014.
- F2Represents shares surrendered to the Issuer as payment for the exercise price and withholding taxes associated with the exercise of employee stock option expiring on February 14,2015.
- F3Restricted stock withheld by Issuer to satisfy minimum tax withholding obligation on vesting of restricted stock.
- F4At the time of grant, this option was scheduled to vest 25% each year over a four year period commencing on 2/14/06. As of 12/31/05, all options then outstanding became fully exercisable as a result of the Board of Directors accelerating the vesting of all outstanding stock options awarded to employees, officers and non-employee directors under the Company's stock option award plans.