AI assistant
FORWARD AIR CORP — Director's Dealing 2024
Mar 30, 2024
32398_dirs_2024-03-29_be45f428-84fa-4b38-8687-ce3151f783b3.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2024-03-14
Reporting Person: HODGE MICHAEL B (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-14 | Series B Preferred Units | $0 | J | 948588 | Disposed | Common Stock (948588) | Indirect | |
| 2024-03-14 | Class B Units | $0 | J | 948588 | Disposed | Common Stock (948588) | Indirect | |
| 2024-03-14 | Series C-2 Units | $0 | J | 1640350 | Disposed | Class B Units (1640350) | Indirect |
Footnotes
F1: Distribution from Omni Investor Holdings, LLC, of which the reporting person is a co-manager.
F2: Represents Series B Preferred Units received by EVE Omni Investor, LLC (the 'LLC'). Series B Preferred Units and corresponding Opco Class B Units are exchangeable at the option of the holder into shares of the Issuer's common stock. The Series B Preferred Units do not have an expiration date. The reporting person is a co-manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.
F3: Represents Opco Class B Units received by the LLC. Series B Preferred Units and corresponding Opco Class B Units are exchangeable into shares of the Issuer's common stock. The Opco Class B Units do not have an expiration date. The reporting person is a co-manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.
F4: Represents Opco Series C-2 Units received by the LLC. The Opco Series C-2 Units will automatically convert into a corresponding number of Opco Class B Units and Series B Preferred Units upon receipt of approval from the Issuer's shareholders. The Opco Series C-2 Units do not have an expiration date. The reporting person is a co-manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.