FORWARD AIR CORP — Director's Dealing 2017

Aug 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2017-08-04

Reporting Person: McLean Michael P (VP & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-04	Common Stock	M	2174	$36.55	Acquired	20558.6875	Direct
2017-08-04	Common Stock	M	4407	$37.14	Acquired	24965.6875	Direct
2017-08-04	Common Stock	M	4009	$42.48	Acquired	28974.6875	Direct
2017-08-04	Common Stock	M	3043	$50.71	Acquired	32017.6875	Direct
2017-08-04	Common Stock	M	2085	$43.67	Acquired	34102.6875	Direct
2017-08-04	Common Stock	S	15718	$51.046	Disposed	18384.6875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-04	Stock Option (Right to Buy)	$36.55	M	2174	Disposed	2019-02-07	Common Stock (2174.0)	Direct
2017-08-04	Stock Option (Right to Buy)	$37.14	M	4407	Disposed	2020-02-07	Common Stock (4407.0)	Direct
2017-08-04	Stock Option (Right to Buy)	$42.48	M	4009	Disposed	2021-02-06	Common Stock (4009.0)	Direct
2017-08-04	Stock Option (Right to Buy)	$50.71	M	3043	Disposed	2022-02-09	Common Stock (3043.0)	Direct
2017-08-04	Stock Option (Right to Buy)	$43.67	M	2085	Disposed	2023-02-08	Common Stock (2085.0)	Direct

Footnotes

F1: This option vests 33 1/3% each year over a three year period commencing on 2/7/13.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/7/14.

F3: This option vests 33-1/3% each year over a three year period commencing on 2/6/15.

F4: This option vests 33 1/3% each year over a three year period commencing on 2/9/16.

F5: This option vests 33 1/3% each year over a three year period commencing on 2/8/17.