SEC Form 4 · accession 0000912728-18-000125
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Schmitt
Officer — President & CEO
Period of report
Sep 1, 2018
Accepted (ET)
Sep 4, 2018 · 2:24 pm 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 StockF1 | Sep 1, 2018 | A | 25,000 | $0.00 | A | 25,000 | 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 | $64.26 | Sep 1, 2018 | A | 100,000 | A | — | Sep 1, 2025 | Common Stock | 100,000 | 100,000 | 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 9/1/19 and fully vesting on 9/1/21.
- F2This option vests 33-1/3% each year over a three year period commencing on 9/1/19.