FORWARD AIR CORP — Director's Dealing 2014

Aug 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2014-08-08

Reporting Person: JEWELL MATTHEW J (EVP-Intermodal Services & CSO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-30	Common Stock	J	3.3436	$0.0000	Acquired	26844.7248	Direct
2014-08-08	Common Stock	M	1800.0000	$29.4400	Acquired	28644.7248	Direct
2014-08-08	Common Stock	S	1800.0000	$45.7578	Disposed	26844.7248	Direct
2014-08-11	Common Stock	M	8200.0000	$29.4400	Acquired	35044.7248	Direct
2014-08-11	Common Stock	S	8200.0000	$45.9484	Disposed	26844.7248	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-08	Stock Option (Right to Buy)	$29.4400	M	1800.0000	Disposed	2015-02-10	Common Stock (1800.0000)	Direct
2014-08-11	Stock Option (Right to Buy)	$29.4400	M	8200.0000	Disposed	2015-02-10	Common Stock (8200.0000)	Direct

Footnotes

F1: Includes 3.343621 shares acquired under the Issuer's employee stock purchase plan in June 2014.

F2: This option vested 33-1/3% each year over a three year period commencing on 2/10/09.