FORWARD AIR CORP — Director's Dealing 2016

Feb 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2016-02-03

Reporting Person: BELL RODNEY L (CFO, SVP & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-03	Common Stock	M	25557	$22.87	Acquired	105308.2789	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-03	Stock Option (Right to Buy)	$22.87	M	25557	Disposed	2016-02-08	Common Stock (25557.0)	Direct

Footnotes

F1: Includes 12.5631 shares acquired under the Issuer's employee stock purchase plan in June and December 2015.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/8/10.