FORWARD AIR CORP — Director's Dealing 2017

May 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2017-05-25

Reporting Person: McLean Michael P (VP & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-25	Common Stock	M	3333	$28.61	Acquired	21717.6875	Direct
2017-05-25	Common Stock	S	3333	$52	Disposed	18384.6875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-25	Stock Option (Right to Buy)	$28.61	M	3333	Disposed	2018-02-11	Common Stock (3333.0)	Direct

Footnotes

F1: This option vests 33 1/3% each year over a three year period commencing on 2/11/12.