FORWARD AIR CORP — Director's Dealing 2016

Feb 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2016-02-08

Reporting Person: RUBLE CHRIS C (President - Expedited Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-08	Common Stock	A	2519	—	Acquired	17411.4165	Direct
2016-02-09	Common Stock	F	941	—	Disposed	16470.4165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-08	Common Stock	$43.67	A	9379	Acquired	2023-02-08	Common Stock (9379.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29	Indirect

Footnotes

F1: Award of time-vesting restricted stock under the Forward Air Corporation Amended and Restated Stock Option and Incentive Plan in a transaction exempt from Section 16(b) under Rule 16b-3. The stock vests equally in one-third increments over three years commencing 2/8/17 and fully vesting on 2/8/19.

F2: Includes 509.8527 shares acquired under the Issuer's employee stock purchase plan in June and December 2015.

F3: Restricted stock withheld by Issuer to satisfy minimum tax withholding obligation on vesting of restricted stock.

F4: This option vests 33-1/3% each year over a three year period commencing on 2/8/17.