SEC Form 4 · accession 0000912728-15-000024
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris C Ruble
Officer — Executive VP, Operations
Period of report
Feb 9, 2015
Accepted (ET)
Feb 11, 2015 · 11:28 am 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 9, 2015 | M | 1,846 | $28.9733 | A | 34,921 | D | |
| Common Stock | Feb 9, 2015 | M | 17,259 | $29.44 | A | 52,180 | D | |
| Common Stock | Feb 9, 2015 | S | 19,105 | $50.046 | D | 33,075 | D | |
| Common Stock | Feb 9, 2015 | S | 3,910 | $51.00 | D | 29,165 | D | |
| Common Stock | Feb 10, 2015 | S | 16,090 | $51.21 | D | 13,075 | D | |
| Common Stock | holding | — | — | — | 29 | I | By Son |
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)F1 | $28.9733 | Feb 9, 2015 | M | 1,846 | D | — | Feb 14, 2015 | Common Stock | 1,846 | 0 | D |
| Stock Option (Right to Buy)F2 | $29.44 | Feb 9, 2015 | M | 17,259 | D | — | Feb 10, 2015 | Common Stock | 17,259 | 0 | D |
Explanation of responses
- F1At 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.
- F2This option vests 33-1/3% each year over a three year period commencing on 2/10/09.