SEC Form 3
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
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1. Name and Address of Reporting Person*
Fuller William Eric

(Last) (First) (Middle)
4080 JENKINS RD.

(Street)
CHATTANOOGA TN 37421

(City) (State) (Zip)
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)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP and Gen. Mgr. XD
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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.
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