FORWARD AIR CORP — Director's Dealing 2020

Jun 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2020-05-13

Reporting Person: ALLEN RONALD W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-13	Common Stock	A	2681	—	Acquired	18654	Direct

Footnotes

F1: Represents restricted stock units awarded under the Forward Air Corporation Non-Employee Director Plan in a transaction exempt from Section 16(b) under Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units fully vest on the earlier of (a) the day immediately prior to the first Annual Meeting that occurs after the grant date or (b) the first anniversary of the grant date. Common Stock will not be issued to the reporting person until his service to the Issuer as a director terminates, and then only to the extent that the foregoing vesting requirements have been met.

F2: Includes an additional 1,855 restricted stock units which were granted to the reporting person in an exempt transaction on 5/8/19 but were not previously reported due to administrative oversight. The restricted stock units vested on 5/8/20 and will not be settled until the reporting person's service on the Issuer's board of directors terminates.