FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 10/20/2006 |
3. Issuer Name and Ticker or Trading Symbol
US XPRESS ENTERPRISES INC [ XPRSA ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Beneficially Owned | |||
---|---|---|---|
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Class A Common Stock | 100 | D | |
Class A Common Stock | 2,147(1) | D | |
Class A Common Stock | 344,916(2) | I | By Partnership |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Options (Right-to-Buy)(3) | 10/25/2005(4) | 02/05/2014 | Class A Common Stock | 2,000 | $13.9 | D |
Explanation of Responses: |
1. Grant to reporting person of 2,147 restricted shares of the Issuer's Class A Common Stock under the 2002 Stock Incentive Plan on April 6, 2006. The restrictions lapse with the passage of time at the rate of 25% on the first through the fourth anniversaries of the grant date. |
2. Shares held by the Fuller Family Partnership, of which William Eric Fuller is a General Partner. |
3. Grant to reporting person of options to buy 2,000 shares of the Issuer's Class A Common Stock under the 2002 Incentive Stock Plan on February 5, 2004. |
4. The original stock option agreement allowed for vesting of 33% on the first through the third anniversaries of the grant date. On October 25, 2005, the Compensation Committee of the Issuer's Board of Directors approved the acceleration of all non-vested options. |
Remarks: |
/s/William Eric Fuller | 10/30/2006 | |
** 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 5 (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. |