SEC Form 4/A · accession 0001140361-18-018269
KNIGHT TRANSPORTATION INC · KNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Kevin P Knight
Officer — Executive Chairman · Director
Period of report
Sep 8, 2017
Accepted (ET)
Apr 11, 2018 · 6:49 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,F2 | Sep 8, 2017 | D | 17,301 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Performance UnitsF3,F4 | — | Sep 8, 2017 | D | 74,635 | D | Sep 8, 2017 | — | Common Stock | 74,635 | 0 | D |
| Restricted Stock Performance UnitsF3,F5 | — | Sep 8, 2017 | D | 50,201 | D | — | Jan 31, 2019 | Common Stock | 50,201 | 0 | D |
| Restricted Stock Performance UnitsF3,F5 | — | Sep 8, 2017 | D | 20,635 | D | — | Jan 31, 2020 | Common Stock | 20,635 | 0 | D |
| Restricted Stock UnitsF3,F6 | $0.00 | Sep 8, 2017 | D | 23,500 | D | — | — | Common Stock | 23,500 | 0 | D |
| Restricted Stock UnitsF3,F7 | $0.00 | Sep 8, 2017 | D | 11,244 | D | — | — | Common Stock | 11,244 | 0 | D |
| Employee Stock Option (Right to Buy)F3,F8 | $17.29 | Sep 8, 2017 | D | 69,217 | D | — | May 21, 2018 | Common Stock | 69,217 | 0 | D |
Explanation of responses
- F1This row is being amended to clarify the number of shares the reporting person held owned directly after the transaction was zero. The row showing the disposition of all of the reporting person's indirect shares is not being amended and is therefore not included in this Form 4 amendment.
- F2Disposed of pursuant to an Agreement and Plan of Merger dated April 9, 2017, among the issuer, Bishop Merger Sub, Inc., and Swift Transportation Company (the "Merger Agreement"), providing that all shares of issuer shall be exchanged for an equal number of shares of Knight-Swift Transportation Holdings Inc., such exchanged shares having a market value of $40.85 per share on the effective date of the merger.
- F3This row is added to show disposition of derivative securities pursuant to the Merger Agreement. The derivative securities were assumed and replaced by Swift Transportation Company (renamed Knight-Swift Transportation Holdings Inc.).
- F4On March 14, 2014, the reporting person was granted restricted stock units with the amount of shares of common stock awarded to be based on achieving or failing to achieve performance targets measured over a three-year period that ended December 31, 2016. As part of the Merger Agreement, the restricted stock units vest on the closing date of the Merger Agreement and the shares issued have a market value of $40.85 per share on the closing date of the Merger Agreement. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the issuer.
- F5The number of underlying securities is subject to adjustment based on the level of achievement for specified performance targets measured over a performance period ending on December 31, 2017. The shares underlying this award vested as of September 8, 2017.
- F6The remaining restricted stock units for this grant were scheduled to vest as follows: approximately 17% on January 31, 2018, approximately 17% on January 31, 2019, approximately 15% on January 31, 2020, and approximately 17% on each of January 31, 2021, 2022, and 2023.
- F7This restricted stock unit grant was scheduled to vest in five equal annual installments beginning on May 31, 2018.
- F8This option vested 20% on December 31, 2008 and 5% each calendar quarter thereafter.