MARTEN TRANSPORT LTD — Director's Dealing 2021

Dec 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARTEN TRANSPORT LTD (MRTN)
CIK: 0000799167
Period of Report: 2021-12-01

Reporting Person: DEMOREST ROBERT L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock	M	5000	$5.587	Acquired	52374	Direct
2021-12-01	Common Stock	S	5000	$16.0782	Disposed	47374	Direct
2021-12-03	Common Stock	M	5313	$5.587	Acquired	52687	Direct
2021-12-03	Common Stock	S	5313	$16.6498	Disposed	47374	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-01	Stock Option (right to buy)	$5.587	M	5000	Disposed	2022-05-01	Common Stock (5000)	Direct
2021-12-03	Stock Option (right to buy)	$5.587	M	5313	Disposed	2022-05-01	Common Stock (5313)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.05 to $16.09, inclusive. The reporting person undertakes to provide to Marten Transport, Ltd., any security holder of Marten Transport, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.62 to $16.675, inclusive. The reporting person undertakes to provide to Marten Transport, Ltd., any security holder of Marten Transport, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

F3: This option has fully vested.