FORWARD AIR CORP — Director's Dealing 2012

Apr 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2012-04-25

Reporting Person: JEWELL MATTHEW J (Executive VP, CLO & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-25	Common Stock	M	300.0000	$13.2467	Acquired	18097.7489	Direct
2012-04-25	Common Stock	S	300.0000	$35.0100	Disposed	17797.7489	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-25	Stock Option (Right to Buy)	$13.2467	M	300.0000	Disposed	2013-02-07	Common Stock (300.0000)	Direct

Footnotes

F1: This option vested 100% in one year from 2/7/03 grant date.