FORWARD AIR CORP — Director's Dealing 2020

Dec 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2020-11-27

Reporting Person: RUBLE CHRIS C (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-27	Common Stock	M	3033	$47.82	Acquired	35011.9545	Direct
2020-11-27	Common Stock	M	1767	$58.40	Acquired	36778.9545	Direct
2020-11-27	Common Stock	S	4800	$74.0517	Disposed	31978.9545	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-27	Stock Option (Right to Buy)	$47.82	M	3033	Disposed	2024-02-06	Common Stock (3033.0)	Direct
2020-11-27	Stock Option (Right to Buy)	$58.4	M	1767	Disposed	2025-02-05	Common Stock (1767.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29	Indirect

Footnotes

F1: This option vests 33-1/3% each year over a three year period commencing on 2/6/18.

F2: This option vests 33-1/3% each year over a three year period commencing on 2/5/19.