FORWARD AIR CORP — Director's Dealing 2012

Aug 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2012-08-06

Reporting Person: MUNDY RAY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-06	Common Stock	M	11250.0000	$15.5667	Acquired	45532.0000	Direct
2012-08-06	Common Stock	S	11250.0000	$34.0000	Disposed	34282.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-06	Stock Option (Right to Buy)	$15.5667	M	11250.0000	Disposed	2013-05-20	Common Stock (11250.0000)	Direct

Footnotes

F1: These options vested 50% each year over a two year period commencing on 5/20/04.