SEC Form 4 · accession 0000912728-17-000038
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 27, 2017
Accepted (ET)
Mar 1, 2017 · 4:46 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 27, 2017 | M | 1,469 | $37.14 | A | 13,622 | D | |
| Common Stock | Feb 27, 2017 | M | 2,672 | $42.48 | A | 16,294 | D | |
| Common Stock | Feb 27, 2017 | M | 2,084 | $43.67 | A | 18,378 | D | |
| Common Stock | Feb 27, 2017 | S | 5,965 | $50.1715 | D | 12,413 | 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 | $37.14 | Feb 27, 2017 | M | 1,469 | D | — | Feb 7, 2020 | Common Stock | 1,469 | 0 | D |
| Stock Option (Right to Buy)F2 | $42.48 | Feb 27, 2017 | M | 2,672 | D | — | Feb 6, 2021 | Common Stock | 2,672 | 0 | D |
| Stock Option (Right to Buy)F3 | $43.67 | Feb 27, 2017 | M | 2,084 | D | — | Feb 8, 2023 | Common Stock | 2,084 | 4,169 | D |
Explanation of responses
- F1This option vests 33-1/3% each year over a three year period commencing on 2/7/14.
- F2This option vests 33-1/3% each year over a three year period commencing on 2/6/15.
- F3This option vests 33-1/3% each year over a three year period commencing on 2/8/17.