SEC Form 4 · accession 0001140361-18-028766
US XPRESS ENTERPRISES INC · USX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
William Eric Fuller
Officer — President & CEO · Director · 10% Owner · Other
Period of report
Jun 13, 2018
Accepted (ET)
Jun 15, 2018 · 3:44 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 | 30,938 | $0.00 | A | 30,938 | D | |
| Class B Common StockF3 | holding | — | — | — | 1,993,269 | I | Trustee | |
| Class B Common StockF4 | holding | — | — | — | 1,609,613 | I | Managing General Partner | |
| Class B Common StockF2 | holding | — | — | — | 302,223 | D |
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)F5 | $16.00 | Jun 13, 2018 | A | 81,281 | A | — | Jun 13, 2028 | Class A Common Stock | 81,281 | 81,281 | 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.
- F2Shares held by Mr. Eric Fuller.
- F3Shares held by the Max L. Fuller 2008 Irrevocable Trust FBO William E. Fuller of with Mr. Eric Fuller is the sole trustee.
- F4Shares held by Max Fuller Family Limited Partnership, in which Mr. Eric Fuller is the managing general partner. Mr. Eric Fuller disclaims beneficial ownership of these securities except to the extent of his 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 shares for purposes of Section 16 or for any other purposes.
- F5Options 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.