SEC Form 4 · accession 0000912728-15-000054
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig A Drum
Officer — Senior Vice President, Sales
Period of report
Feb 18, 2015
Accepted (ET)
Feb 19, 2015 · 3:00 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 18, 2015 | M | 1,556 | $36.55 | A | 10,894 | D | |
| Common Stock | Feb 18, 2015 | M | 2,938 | $37.14 | A | 13,832 | D | |
| Common Stock | Feb 18, 2015 | M | 1,337 | $42.48 | A | 15,169 | D | |
| Common Stock | Feb 18, 2015 | S | 5,534 | $53.2801 | D | 9,635 | 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)F1 | $36.55 | Feb 18, 2015 | M | 1,556 | D | — | Feb 7, 2019 | Common Stock | 1,556 | 0 | D |
| Stock Option (Right to Buy)F2 | $37.14 | Feb 18, 2015 | M | 2,938 | D | — | Feb 7, 2020 | Common Stock | 2,938 | 1,469 | D |
| Stock Option (Right to Buy)F3 | $42.48 | Feb 18, 2015 | M | 1,337 | D | — | Feb 6, 2021 | Common Stock | 1,337 | 2,672 | D |
Explanation of responses
- F1This option vested 33-1/3% each year over a three year period commencing on 2/7/13.
- F2This option vests 33-1/3% each year over a three year period commencing on 2/7/14.
- F3This option vests 33-1/3% each year over a three year period commencing on 2/6/15.