FORWARD AIR CORP — Director's Dealing 2017

May 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2017-05-02

Reporting Person: CAMPBELL BRUCE A (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-02	Common Stock	M	4771	$28.61	Acquired	193006	Direct
2017-05-02	Common Stock	S	4771	$52.50	Disposed	188235	Direct
2017-05-03	Common Stock	M	2915	$28.61	Acquired	191150	Direct
2017-05-03	Common Stock	S	2915	$52.40	Disposed	188235	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-02	Stock Option (Right to Buy)	$28.61	M	4771	Disposed	2018-02-11	Common Stock (4771.0)	Direct
2017-05-03	Stock Option (Right to Buy)	$28.61	M	2915	Disposed	2018-02-11	Common Stock (2915.0)	Direct

Footnotes

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