FORWARD AIR CORP — Director's Dealing 2012

Aug 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2012-08-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-30	Common Stock	J	44.7612	$0.0000	Acquired	6959.2565	Direct
2012-08-16	Common Stock	M	143.0000	$22.4700	Acquired	7102.2565	Direct
2012-08-16	Common Stock	S	143.0000	$34.0000	Disposed	6959.2565	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-16	Stock Option (Right to Buy)	$22.4700	M	143.0000	Disposed	2017-02-07	Common Stock (143.0000)	Direct

Footnotes

F1: Includes 44.7612 shares acquired under the Issuer's employee stock purchase plan in June 2012.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/7/11.