FORWARD AIR CORP — Director's Dealing 2015

Feb 19, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2015-02-18

Reporting Person: DRUM CRAIG A (Senior Vice President, Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-18	Common Stock	M	1556	$36.55	Acquired	10894	Direct
2015-02-18	Common Stock	M	2938	$37.14	Acquired	13832	Direct
2015-02-18	Common Stock	M	1337	$42.48	Acquired	15169	Direct
2015-02-18	Common Stock	S	5534	$53.2801	Disposed	9635	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-18	Stock Option (Right to Buy)	$36.55	M	1556	Disposed	2019-02-07	Common Stock (1556.0)	Direct
2015-02-18	Stock Option (Right to Buy)	$37.14	M	2938	Disposed	2020-02-07	Common Stock (2938.0)	Direct
2015-02-18	Stock Option (Right to Buy)	$42.48	M	1337	Disposed	2021-02-06	Common Stock (1337.0)	Direct

Footnotes

F1: This option vested 33-1/3% each year over a three year period commencing on 2/7/13.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/7/14.

F3: This option vests 33-1/3% each year over a three year period commencing on 2/6/15.