FORWARD AIR CORP — Director's Dealing 2010

May 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2010-05-12

Reporting Person: MUNDY RAY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-12	Common Stock	A	2733	—	Acquired	15074	Direct

Footnotes

F1: Represents restricted stock units under the Forward Air Corporation Amended and Restated Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3. The stock units fully vest one year from the 05/12/10 grant date. Shares will not be issued to the reporting person until his/her service to the Company as a director terminates, and then only to the extent that the foregoing vesting requirements have been met.