FORWARD AIR CORP — Director's Dealing 2013

May 10, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2013-05-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-08	Common Stock	M	300.0000	$31.6500	Acquired	61854.3545	Direct
2013-05-08	Common Stock	S	300.0000	$38.5000	Disposed	61554.3545	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-08	Stock Option (Right to Buy)	$31.6500	M	300.0000	Disposed	2014-02-11	Common Stock (300.0000)	Direct

Footnotes

F1: This option vested 33-1/3% each year over a three year period commencing on 2/11/08.