FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HUNT J B TRANSPORT SERVICES INC [ JBHT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/20/2008 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/20/2008 | 06/20/2008 | J(1) | 43,212 | A | $0 | 202,855 | D | ||
Common Stock | 06/20/2008 | 06/20/2008 | J(1) | 43,212 | D | $34.53 | 159,643 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Forward Sale Contract | $0.5 | 08/10/2009 | 08/10/2009 | Common Stock | $1 | $1 | D | ||||||||
Forward Sale Contract | (1) | 06/20/2008 | 06/20/2008 | J(1) | $1 | 06/20/2008 | 06/20/2008 | Common Stock | $1 | (1) | $0 | D | |||
Restricted Stock | (2) | 07/15/2011 | 08/15/2015 | Common Stock | 37,000 | 37,000 | D | ||||||||
Restricted Stock | $0 | 07/15/2014 | 08/15/2015 | Common Stock | 17,000 | 17,000 | D | ||||||||
Right to Buy Stock Option | $3.125 | 06/01/1999 | 10/08/2009 | Common Stock | 2,872 | 2,872 | D | ||||||||
Right to Buy Stock Option | $3.475 | 06/01/2001 | 11/02/2012 | Common Stock | 60,000 | 60,000 | D | ||||||||
Right to Buy Stock Option | $7.08 | 06/01/2004 | 10/24/2013 | Common Stock | 35,560 | 35,560 | D | ||||||||
Right to Buy Stock Option | $12.2 | 06/01/2009 | 10/23/2013 | Common Stock | 48,000 | 48,000 | D | ||||||||
Right to Buy Stock Option | $20.365 | 06/01/2012 | 10/21/2015 | Common Stock | 48,000 | 48,000 | D |
Explanation of Responses: |
1. On June 20, 2008 Alfred C. Harper's Specialized Term Appreciation Retention Sale (STARS) transaction with Bank of America (BOA) filed on a Form 4 dated July 22, 2005 matured. Pursuant to the Contract, Mr. Harper was obligated to sell up to 60,000 shares of Common Stock of J.B. Hunt Transport Services, Inc. The actual number of shares Mr. Harper was obligated to deliver was dependent on the closing marker price ("Settlement Price") of the Common Stock on June 20, 2008. The closing price on June 20, 2008 was $34.53, which resulted in Mr. Harper delivering a total of 43,212 shares of Common Stock to BOA to satisfy his obligation. BOA has released Mr. Harper from his obligation and Mr. Harper will keep the remaining 16,788 shares. |
2. The Resrtricted Stock award, approved by the Company's Compensation Committee, vests over a five-year period. There is no purchase price required by the recipient in connection with this award. Termination of the recipient's employment for any reason other than death or disability shall result in forfeiture of the award on the date of termination. |
Debbie Willbanks | 06/23/2008 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |