FORWARD AIR CORP — Director's Dealing 2019

Dec 31, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2019-12-27

Reporting Person: Hance Michael L (Senior VP, CLO and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-27	Common Stock	M	4407	$37.14	Acquired	34675.0953	Direct
2019-12-27	Common Stock	F	2361	$69.30	Disposed	32314.0953	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-27	Stock Option (Right to Buy)	$37.14	M	4407	Disposed	2020-02-07	Common Stock (4407.0)	Direct

Footnotes

F1: Shares withheld for exercise price.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/7/14.