FORWARD AIR CORP — Director's Dealing 2016

Jul 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2016-07-27

Reporting Person: Hance Michael L (Senior VP, CLO and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-27	Common Stock	M	1600	$22.47	Acquired	18645.7192	Direct
2016-07-27	Common Stock	S	1600	$46.5547	Disposed	17045.7192	Direct
2016-07-28	Common Stock	M	16400	$22.47	Acquired	33445.7192	Direct
2016-07-28	Common Stock	S	16400	$46.0022	Disposed	17045.7192	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-27	Stock Option (Right to Buy)	$22.47	M	1600	Disposed	2017-02-07	Common Stock (1600.0)	Direct
2016-07-28	Stock Option (Right to Buy)	$22.47	M	16400	Disposed	2017-02-07	Common Stock (16400.0)	Direct

Footnotes

F1: This option vests 33-1/3% each year over a three year period commencing on 2/7/11.