SEC Form 4 · accession 0000912728-17-000020
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Joseph Morris
Officer — CFO, Senior VP and Treasurer
Period of report
Feb 6, 2017
Accepted (ET)
Feb 8, 2017 · 6:17 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 6, 2017 | A | 2,300 | $0.00 | A | 9,948 | 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 | $47.82 | Feb 6, 2017 | A | 9,098 | A | — | Feb 6, 2024 | Common Stock | 9,098 | 9,098 | D |
Explanation of responses
- F1Award of time-vesting restricted stock under the Forward Air Corporation 2016 Omnibus Incentive Compensation 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 2/6/18 and fully vesting on 2/6/20.
- F2This option vests 33-1/3% each year over a three year period commencing on 2/6/18.