FORWARD AIR CORP — Director's Dealing 2015

Feb 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2015-02-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-31	Common Stock	J	3.0941	—	Acquired	26847.8189	Direct
2015-02-06	Common Stock	F	1022	—	Disposed	25825.8189	Direct
2015-02-09	Common Stock	M	4600	$29.44	Acquired	30425.8189	Direct
2015-02-09	Common Stock	S	4600	$50.225	Disposed	25825.8189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-09	Stock Option (Right to Buy)	$29.44	M	4600	Disposed	2015-02-10	Common Stock (4600.0)	Direct

Footnotes

F1: Includes 3.0941 shares acquired under the Issuer's employee stock purchase plan in December 2014.

F2: Restricted stock withheld by Issuer to satisfy minimum tax withholding obligation on vesting of restricted stock.

F3: This option vested 33-1/3% each year over a three year period commencing on 2/10/09.