SEC Form 4 · accession 0000912728-15-000016
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce A Campbell
Officer — Chairman, President & CEO · Director
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 4:42 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 Stock | Feb 6, 2015 | F | 2,411 | $0.00 | D | 142,986 | D | |
| Common Stock | Feb 9, 2015 | M | 120,000 | $28.97 | A | 262,986 | D | |
| Common Stock | Feb 9, 2015 | S | 120,000 | $50.0571 | D | 142,986 | 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)F2 | $28.97 | Feb 9, 2015 | M | 120,000 | D | — | Feb 14, 2015 | Common Stock | 120,000 | 30,000 | D |
Explanation of responses
- F1Restricted stock withheld by Issuer to satisfy minimum tax withholding obligation on vesting of restricted stock.
- F2At 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.