SEC Form 4 · accession 0000912728-15-000032
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P McLean
Officer — VP & CAO
Period of report
Feb 9, 2015
Accepted (ET)
Feb 11, 2015 · 3:54 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 | Feb 9, 2015 | A | 1,446 | $0.00 | A | 13,889 | 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 | $50.71 | Feb 9, 2015 | A | 4,564 | A | — | Feb 9, 2022 | Common Stock | 4,564 | 4,564 | D |
Explanation of responses
- F1Award of time-vesting restricted stock under the Forward Air Corporation Amended and Restated Stock Option and Incentive Plan in a transaction exempt from Section 16(b) under Rule 16b-3. The stock vests equally in one-third increments over three years commencing 2/9/16 and fully vesting on 2/9/18.
- F2This option vests 33-1/3% each year over a three year period commencing on 2/9/16.