SEC Form 4 · accession 0000912728-16-000186
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 8, 2016
Accepted (ET)
Feb 10, 2016 · 5:48 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 8, 2016 | A | 11,450 | $0.00 | A | 175,168 | D | |
| Common Stock | Feb 9, 2016 | F | 2,172 | $0.00 | D | 172,996 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF3 | $43.67 | Feb 8, 2016 | A | 42,632 | A | — | Feb 8, 2023 | Common Stock | 42,632 | 42,632 | 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 2/8/17 and fully vesting on 2/8/19.
- F2Restricted stock withheld by Issuer to satisfy minimum tax withholding obligation on vesting of restricted stock.
- F3This option vests 33-1/3% each year over a three year period commencing on 2/8/17.