SEC Form 4/A · accession 0001140361-18-018273
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
Wayne Yu
Officer — CAO of Knight Trans. Inc.
Period of report
Sep 8, 2017
Accepted (ET)
Apr 11, 2018 · 6:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000929452
Table I — non-derivative securities
No Table I lines on this filing.
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 UnitsF1,F2 | — | Sep 8, 2017 | D | 2,487 | D | Sep 8, 2017 | — | Common Stock | 2,487 | 0 | D |
| Restricted Stock Performance UnitsF1,F3 | — | Sep 8, 2017 | D | 1,673 | D | — | Jan 31, 2019 | Common Stock | 1,673 | 0 | D |
| Restricted Stock Performance UnitsF1,F3 | — | Sep 8, 2017 | D | 2,476 | D | — | Jan 31, 2020 | Common Stock | 2,476 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Sep 8, 2017 | D | 7,050 | D | — | — | Common Stock | 7,050 | 0 | D |
| Restricted Stock UnitsF1,F5 | — | Sep 8, 2017 | D | 2,000 | D | — | — | Common Stock | 2,000 | 0 | D |
| Restricted Stock UnitsF1,F6 | — | Sep 8, 2017 | D | 1,799 | D | — | — | Common Stock | 1,799 | 0 | D |
| Employee Stock Option (Right to Buy)F1,F7 | $33.35 | Sep 8, 2017 | D | 5,000 | D | — | May 31, 2022 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1This row is added to show disposition of derivative securities pursuant to the Agreement and Plan of Merger, dated April 9, 2017, by and among Swift Transportation Company, Bishop Merger Sub, Inc., and the issuer (the "Merger Agreement"). The derivate securities were assumed and replaced by Swift Transportation Company (renamed Knight-Swift Transportation Holdings Inc.).
- F2On 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.
- F3The 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.
- F4The 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.
- F5The remaining restricted stock units for this grant were scheduled to vest in two equal annual installments beginning on January 31, 2018.
- F6This restricted stock unit grant was scheduled to vest in five equal annual installments beginning on May 31, 2018.
- F7This option was scheduled to vest in four equal annual installments beginning on May 31, 2018.