SEC Form 4 · accession 0001140361-17-021948
KNIGHT TRANSPORTATION INC · KNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Jackson
Officer — President and CEO · Director
Period of report
May 19, 2017
Accepted (ET)
May 23, 2017 · 4:43 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 | May 19, 2017 | M | 12,500 | $18.23 | A | 34,577 | D | |
| Common StockF1,F2 | May 19, 2017 | S | 12,500 | $32.0004 | D | 22,077 | 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)F3,F1 | $18.23 | May 19, 2017 | M | 12,500 | D | — | May 23, 2017 | Common Stock | 12,500 | 0 | D |
Explanation of responses
- F1This is the exercise of derivative securities. The grant will expire May 24, 2017, and the options are being exercised at this time to ensure the exercise is completed before the expiration date.
- F2This transaction was executed in multiple trades at prices ranging from $32.0000 to $32.0250 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.
- F3The option vested 20% on December 31, 2007 and 5% per calendar quarter thereafter, beginning March 2008