XPO, Inc. — Director's Dealing 2015

Jan 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XPO Logistics, Inc. (XPO)
CIK: 0001166003
Period of Report: 2015-01-02

Reporting Person: JESSELSON MICHAEL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-02	Common Stock, par value $0.001 per share	M	2500	—	Acquired	22500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-02	Restricted Stock Unit	$	M	2500	Disposed		Common Stock, par value $0.001 per share (2500.0)	Direct
2015-01-02	Restricted Stock Unit	$	A	4257	Acquired		Common Stock, par value $0.001 per share (4257.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.001 per share	12000	Indirect
Common Stock, par value $0.001 per share	12000	Indirect
Common Stock, par value $0.001 per share	12000	Indirect
Common Stock, par value $0.001 per share	10000	Indirect
Common Stock, par value $0.001 per share	10000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$23.19	2023-12-12	Common Stock, par value $0.001 per share (8000.0)	8000	Direct
Director Stock Option (right to buy)	$16.74	2022-12-11	Common Stock, par value $0.001 per share (8000.0)	8000	Direct
Director Stock Option (right to buy)	$9.28	2021-11-21	Common Stock, par value $0.001 per share (8000.0)	8000	Direct
See footnote	$7.0		Common Stock, par value $0.001 per share (103570.0)	725	Indirect
Warrants	$7.0	2021-09-02	Common Stock, par value $0.001 per share (103572.0)	103572	Indirect
Warrants	$7.0	2021-09-02	Common Stock, par value $0.001 per share (21322.0)	21322	Indirect

Footnotes

F1: 15,000 of these securities are held in an individual retirement account of Michael G. Jesselson.

F2: These securities are held by Michael G. Jesselson and Linda Jesselson Trustees UID 3/12/84 FBO Samuel Joseph Jesselson. Michael G. Jesselson is a trustee of the trust.

F3: These securities are held by Michael G. Jesselson and Linda Jesselson Trustees UID 11/26/85 FBO Roni Aron Jesselson. Michael G. Jesselson is a trustee of the trust.

F4: These securities are held by Michael G. Jesselson and Linda Jesselson Trustees UID 3/31/87 FBO Jonathan Judah Jesselson. Michael G. Jesselson is a trustee of the trust.

F5: These securities are held by Michael G. Jesselson and Linda Jesselson Trustees UID 6/30/93 FBO Maya Ariel Ruth Jesselson. Michael G. Jesselson is a trustee of the trust.

F6: Michael G. Jesselson's spouse is the direct beneficial owner of these securities.

F7: Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.

F8: The Restricted Stock Units vested in full on January 2, 2015.

F9: The Restricted Stock Units shall vest on January 2, 2016, subject to the Reporting Person's continued service as a director of the Issuer.

F10: The Director Stock Options vested and became exercisable on January 2, 2015.

F11: Series A Convertible Perpetual Preferred Stock, par value $0.001 per share.

F12: The initial conversion price of the Series A Convertible Perpetual Preferred Stock is $7 per share of Common Stock, subject to adjustment as set forth in the Certificate of Designation of Series A Convertible Perpetual Preferred Stock, filed as Exhibit 4.1 to the Issuer's Current Report on Form 8-K filed with the SEC on September 6, 2011 (the "Certificate of Designation").

F13: The Series A Convertible Perpetual Preferred Stock has no expiration date.

F14: Represents (i) 71,428 shares of Common Stock initially issuable upon conversion of 500 shares of Series A Convertible Perpetual Preferred Stock held by the Michael G. Jesselson 12/18/80 Trust and (ii) 32,142 shares of Common Stock initially issuable upon conversion of 225 shares of Series A Convertible Perpetual Preferred Stock held by the Michael G. Jesselson 4/8/71 Trust, in each case subject to adjustment as set forth in the Certificate of Designation.

F15: The Michael G. Jesselson 12/18/80 Trust and the Michael G. Jesselson 4/8/71 Trust are the direct beneficial owners of these securities. Michael G. Jesselson is the beneficiary of each of these trusts.

F16: The initial exercise price of the Warrants is $7 per share of Common Stock, subject to adjustment as set forth in the Form of Warrant Certificate, filed as Exhibit 4.2 to the Issuer's Current Report on Form 8-K filed with the SEC on September 6, 2011 (the "Warrant Certificate").

F17: Represents 103,572 shares of Common Stock initially issuable upon conversion of 103,572 Warrants, subject to adjustment as set forth in the Warrant Certificate.

F18: Represents 21,322 shares of Common Stock initially issuable upon conversion of 21,322 Warrants, subject to adjustment as set forth in the Warrant Certificate.