SEC Form 4 · accession 0001140361-17-017819
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
Apr 28, 2017
Accepted (ET)
May 2, 2017 · 1:29 pm EDT
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 | Apr 28, 2017 | M | 17,575 | $18.23 | A | 2,761,738 | D | |
| Common StockF1,F2 | Apr 28, 2017 | S | 17,575 | $34.34 | D | 2,744,163 | I | Trust |
| Common Stock | Apr 28, 2017 | M | 27,425 | $18.23 | A | 2,771,588 | D | |
| Common Stock | Apr 28, 2017 | F | 14,577 | $34.30 | D | 2,757,011 | I | Trust |
| Common Stock | Apr 28, 2017 | M | 5,783 | $17.29 | A | 2,762,794 | D | |
| Common Stock | Apr 28, 2017 | F | 2,916 | $34.30 | D | 2,759,878 | 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 | $18.23 | Apr 28, 2017 | M | 45,000 | D | Dec 31, 2011 | May 23, 2017 | Common Stock | 45,000 | 0 | D |
| Employee Stock Option (right to buy) | $17.29 | Apr 28, 2017 | M | 5,783 | D | Dec 31, 2012 | May 21, 2018 | Common Stock | 5,783 | 69,217 | D |
Explanation of responses
- F1This is the exercise of derivative securities. The grant will expire within a month and the options are being exercised at this time to ensure the exercise is completed before the expiration date and when the exercise is not restricted.
- F2This transaction was executed in multiple trades at prices ranging from $34.15 to $34.575 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.