FORWARD AIR CORP — Director's Dealing 2017

Mar 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2017-02-27

Reporting Person: DRUM CRAIG A (Senior Vice President, Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-27	Common Stock	M	1469	$37.14	Acquired	13622	Direct
2017-02-27	Common Stock	M	2672	$42.48	Acquired	16294	Direct
2017-02-27	Common Stock	M	2084	$43.67	Acquired	18378	Direct
2017-02-27	Common Stock	S	5965	$50.1715	Disposed	12413	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-27	Stock Option (Right to Buy)	$37.14	M	1469	Disposed	2020-02-07	Common Stock (1469.0)	Direct
2017-02-27	Stock Option (Right to Buy)	$42.48	M	2672	Disposed	2021-02-06	Common Stock (2672.0)	Direct
2017-02-27	Stock Option (Right to Buy)	$43.67	M	2084	Disposed	2023-02-08	Common Stock (2084.0)	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 2/8/17.