SEC Form 4 · accession 0001140361-16-050329
KNIGHT TRANSPORTATION INC · KNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P Knight
Officer — Executive Chairman · Director
Period of report
Feb 3, 2016
Accepted (ET)
Feb 4, 2016 · 6:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000929452
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2016 | M | 75,000 | $18.44 | A | 3,930,300 | D | |
| Common StockF1,F2 | Feb 3, 2016 | S | 75,000 | $24.8293 | D | 3,855,300 | I | Trust |
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)F1 | $18.44 | Feb 3, 2016 | M | 75,000 | D | Dec 31, 2010 | May 23, 2016 | Common Stock | 75,000 | 0 | D |
Explanation of responses
- F1This is the exercise of derivative securities. The grant will expire within the next few months and the options are being exercised at this time to ensure the exercise is completed before the expiration date and when exercise is not restricted.
- F2This transaction was executed in multiple trades at prices ranging from $24.24 to $25.15 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Knight Transportation, Inc. or a shareholder of Knight Transportation, Inc. full information regarding the number of shares and prices at which the transaction was effected.