FORWARD AIR CORP — Director's Dealing 2013

May 24, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2013-05-23

Reporting Person: McLean Michael P (VP & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-23	Common Stock	M	5000.0000	$29.4400	Acquired	13892.6383	Direct
2013-05-23	Common Stock	S	5000.0000	$39.0000	Disposed	8892.6383	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-23	Stock Option (Right to Buy)	$29.4400	M	5000.0000	Disposed	2015-02-10	Common Stock (5000.0000)	Direct

Footnotes

F1: This option vested 33-1/3% each year over a three year period commencing on 2/10/09.