SEC Form 4 · accession 0000912728-18-000114
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn A Adelaar
Officer — Senior VP, Systems Technology
Period of report
Jul 30, 2018
Accepted (ET)
Aug 1, 2018 · 10:11 am EDT
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 | Jul 30, 2018 | M | 4,009 | $42.48 | A | 41,852 | D | |
| Common Stock | Jul 30, 2018 | M | 4,564 | $50.71 | A | 46,416 | D | |
| Common Stock | Jul 30, 2018 | M | 4,169 | $43.67 | A | 50,585 | D | |
| Common Stock | Jul 30, 2018 | M | 1,655 | $47.82 | A | 52,240 | D | |
| Common Stock | Jul 30, 2018 | S | 14,397 | $62.2607 | D | 37,843 | 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 | $42.48 | Jul 30, 2018 | M | 4,009 | D | — | Feb 6, 2021 | Common Stock | 4,009 | 0 | D |
| Stock Option (Right to Buy)F2 | $50.71 | Jul 30, 2018 | M | 4,564 | D | — | Feb 9, 2022 | Common Stock | 4,564 | 0 | D |
| Stock Option (Right to Buy)F3 | $43.67 | Jul 30, 2018 | M | 4,169 | D | — | Feb 8, 2023 | Common Stock | 4,169 | 2,084 | D |
| Stock Option (Right to Buy)F4 | $47.82 | Jul 30, 2018 | M | 1,655 | D | — | Feb 6, 2024 | Common Stock | 1,655 | 3,308 | D |
Explanation of responses
- F1This option vests 33-1/3% each year over a three year period commencing on 2/16/15.
- F2This option vests 33-1/3% each year over a three year period commencing on 2/9/16.
- F3This option vests 33-1/3% each year over a three year period commencing on 2/8/17.
- F4This option vests 33-1/3% each year over a three year period commencing on 2/6/18.