FORWARD AIR CORP — Director's Dealing 2012

Feb 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2012-02-07

Reporting Person: DRUM CRAIG A (Senior Vice President, Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-07	Common Stock	A	1641.0000	$0.0000	Acquired	3863.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-07	Stock Option (Right to Buy)	$36.5500	A	4669.0000	Acquired	2019-02-07	Common Stock (4669.0000)	Direct

Footnotes

F1: Award of time-vesting restricted stock under the Forward Air Corporation Amended and Restated Stock Option and Incentive Plan in a transaction exempt from Section 16(b) under Rule 16b-3. The stock vests equally in one-third increments over three years commencing 2/7/13 and fully vesting on 2/7/15.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/7/13.