FORWARD AIR CORP — Director's Dealing 2015

Feb 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2015-02-12

Reporting Person: RUBLE CHRIS C (Executive VP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-12	Common Stock	M	4076	$22.87	Acquired	19319.5638	Direct
2015-02-12	Common Stock	S	4076	$54	Disposed	15243.5638	Direct
2015-02-13	Common Stock	M	12591	$22.87	Acquired	27834.5638	Direct
2015-02-13	Common Stock	M	12257	$22.47	Acquired	40091.5638	Direct
2015-02-13	Common Stock	S	24848	$53.4202	Disposed	15243.5638	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-12	Stock Option (Right to Buy)	$22.87	M	4076	Disposed	2016-02-08	Common Stock (4076.0)	Direct
2015-02-13	Stock Option (Right to Buy)	$22.87	M	12591	Disposed	2016-02-08	Common Stock (12591.0)	Direct
2015-02-13	Stock Option (Right to Buy)	$22.47	M	12257	Disposed	2017-02-07	Common Stock (12257.0)	Direct

Footnotes

F1: This option vested 33-1/3% each year over a three year period commencing on 2/08/10.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/7/11.