FORWARD AIR CORP - Director's Dealing 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2018-07-30

Reporting Person: ADELAAR GLENN A (Senior VP, Systems Technology)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-30	Common Stock	M	4009	$42.48	Acquired	41852.4507	Direct
2018-07-30	Common Stock	M	4564	$50.71	Acquired	46416.4507	Direct
2018-07-30	Common Stock	M	4169	$43.67	Acquired	50585.4507	Direct
2018-07-30	Common Stock	M	1655	$47.82	Acquired	52240.4507	Direct
2018-07-30	Common Stock	S	14397	$62.2607	Disposed	37843.4507	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-30	Stock Option (Right to Buy)	$42.48	M	4009	Disposed	2021-02-06	Common Stock (4009.0)	Direct
2018-07-30	Stock Option (Right to Buy)	$50.71	M	4564	Disposed	2022-02-09	Common Stock (4564.0)	Direct
2018-07-30	Stock Option (Right to Buy)	$43.67	M	4169	Disposed	2023-02-08	Common Stock (4169.0)	Direct
2018-07-30	Stock Option (Right to Buy)	$47.82	M	1655	Disposed	2024-02-06	Common Stock (1655.0)	Direct

F1: This option vests 33-1/3% each year over a three year period commencing on 2/16/15.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/9/16.

F3: This option vests 33-1/3% each year over a three year period commencing on 2/8/17.

F4: This option vests 33-1/3% each year over a three year period commencing on 2/6/18.