FORWARD AIR CORP — Director's Dealing 2013

Apr 29, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2013-04-25

Reporting Person: BELL RODNEY L (CFO, SVP & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-25	Common Stock	M	2200.0000	$18.8200	Acquired	63754.3545	Direct
2013-04-25	Common Stock	S	2200.0000	$37.2627	Disposed	61554.3545	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-25	Stock Option (Right to Buy)	$18.8200	M	2200.0000	Disposed	2014-02-04	Common Stock (2200.0000)	Direct

Footnotes

F1: At the time of grant, this option was scheduled to vest 25% each year over a four year period commencing on 2/4/05. As of 12/31/05, all options then outstanding became fully exercisable as a result of the Board of Directors accelerating the vesting of all outstanding stock options awarded to employees, officers and non-employee directors under the Company's stock option award plans.