FORWARD AIR CORP — Director's Dealing 2017

Dec 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2017-12-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-07	Common Stock	M	7980	$37.14	Acquired	28279.2869	Direct
2017-12-07	Common Stock	M	7349	$42.48	Acquired	35628.2869	Direct
2017-12-07	Common Stock	M	4564	$50.71	Acquired	40192.2869	Direct
2017-12-07	Common Stock	M	3127	$43.67	Acquired	43319.2869	Direct
2017-12-07	Common Stock	S	23020	$57.75	Disposed	20299.2869	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-07	Stock Option (Right to Buy)	$37.14	M	7980	Disposed	2020-02-07	Common Stock (7980.0)	Direct
2017-12-07	Stock Option (Right to Buy)	$42.48	M	7349	Disposed	2021-02-06	Common Stock (7349.0)	Direct
2017-12-07	Stock Option (Right to Buy)	$50.71	M	4564	Disposed	2022-02-09	Common Stock (4564.0)	Direct
2017-12-07	Stock Option (Right to Buy)	$43.67	M	3127	Disposed	2023-02-08	Common Stock (3127.0)	Direct

Footnotes

F1: This option vests 33-1/3% each year over a three year period commencing on 2/7/14.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/6/15.

F3: This option vests 33 1/3% each year over a three year period commencing on 2/9/16.

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