FORWARD AIR CORP — Director's Dealing 2015

Feb 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2015-02-19

Reporting Person: MUNDY RAY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-19	Common Stock	M	7500	$25.87	Acquired	51944	Direct
2015-02-19	Common Stock	S	7500	$53.5453	Disposed	44444	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-19	Stock Option (Right to Buy)	$25.87	M	7500	Disposed	2015-05-27	Common Stock (7500.0)	Direct

Footnotes

F1: At the time of grant, this option was scheduled to vest 50% each year over a two year period commencing on 5/27/06. 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.