FORWARD AIR CORP — Director's Dealing 2011

Nov 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2011-11-11

Reporting Person: RUBLE CHRIS C (Executive VP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-11	Common Stock	M	29733.0000	$22.8700	Acquired	34034.4268	Direct
2011-11-11	Common Stock	S	29733.0000	$33.7504	Disposed	4301.4268	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-11	Stock Option (Right to Buy)	$22.8700	M	29733.0000	Disposed	2016-02-08	Common Stock (29733.0000)	Direct

Footnotes

F1: This option vests 33-1/3% each year over a three year period commencing on 2/8/10.