SEC Form 4 · accession 0001140361-18-028765
US XPRESS ENTERPRISES INC · USX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Max L Fuller
Officer — Executive Chairman · Director · 10% Owner · Other
Janice Fuller
10% Owner
Fuller Family Enterprises, LLC
10% Owner
Period of report
Jun 13, 2018
Accepted (ET)
Jun 15, 2018 · 3:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000923571
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Jun 13, 2018 | A | 9,375 | $0.00 | A | 9,375 | D | |
| Class B Common StockF2 | holding | — | — | — | 66,663 | D | ||
| Class B Common StockF3 | holding | — | — | — | 7,308,651 | I | Member |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $16.00 | Jun 13, 2018 | A | 24,631 | A | — | Jun 13, 2028 | Class A Common Stock | 24,631 | 24,631 | D |
Explanation of responses
- F1Represents a restricted stock award under the 2018 Omnibus Incentive Plan. The award vests in four equal installments on each of June 13, 2019, 2020, 2021, and 2022, and is subject to certain vesting, forfeiture, and termination provisions.
- F2Securities held by Mr. Fuller.
- F3Shares held by Fuller Family Enterprises, LLC, in which Mr. Max Fuller and Ms. Janice Fuller are each members. Mr. and Ms. Fuller each disclaim beneficial ownership of these securities except to the extent of his or her respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes.
- F4Options vest in four equal installments on each of June 13, 2019, 2020, 2021, and 2022, and is subject to certain vesting, forfeiture, and termination provisions.