XPO, Inc. — Director's Dealing 2011

Jul 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXPRESS-1 EXPEDITED SOLUTIONS INC (XPO)
CIK: 0001166003
Period of Report: 2011-07-22

Reporting Person: Welch John D. (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-22	Stock Option (right to buy)	$4.23	A	175000	Acquired	2021-07-21	Common Stock (175000)	Direct

Footnotes

F1: This option will vest, subject to Mr. Welch's continued employment with the Company, in three equal annual installments on the first, second and third anniversaries of the closing of the transactions set forth in that certain Investment Agreement dated as of June 13, 2011, by and among Jacobs Private Equity, LLC, each of the other investors party thereto (including joinders thereto) and the Company.