FORWARD AIR CORP — Director's Dealing 2018

May 24, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2018-05-22

Reporting Person: JEWELL MATTHEW J (President - Logistics Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-22	Common Stock	M	2328	$36.55	Acquired	40265.3423	Direct
2018-05-22	Common Stock	S	2328	$60.0003	Disposed	37937.3423	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-22	Stock Option (Right to Buy)	$36.55	M	2328	Disposed	2019-02-07	Common Stock (2328.0)	Direct

Footnotes

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