FORWARD AIR CORP — Director's Dealing 2010

Feb 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2010-02-07

Reporting Person: BELL RODNEY L (CFO, SVP & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-31	Common Stock	J	681.7113	—	Acquired	35231.7113	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-07	Stock Option (Right to Buy)	$22.47	A	50000	Acquired	2017-02-07	Common Stock (50000)	Direct

Footnotes

F1: Includes 681.71 shares acquired under the Issuer's employee stock purchase plan in June and December 2009.

F2: This is a vesting schedule, 33-1/3% over 3 years commencing on 2/7/11.