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: CAMPBELL BRUCE A (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-06	Common Stock	F	2411	—	Disposed	142986	Direct
2015-02-09	Common Stock	M	120000	$28.97	Acquired	262986	Direct
2015-02-09	Common Stock	S	120000	$50.0571	Disposed	142986	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-09	Stock Option (Right to Buy)	$28.97	M	120000	Disposed	2015-02-14	Common Stock (120000.0)	Direct

Footnotes

F1: Restricted stock withheld by Issuer to satisfy minimum tax withholding obligation on vesting of restricted stock.

F2: At the time of grant, this option was scheduled to vest 25% each year over a four year period commencing on 2/14/06. 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.