X0304 4 2012-02-07 0000912728 FORWARD AIR CORP FWRD 0001071945 BELL RODNEY L 430 AIRPORT ROAD GREENEVILLE TN 37745 1 CFO, SVP & Treasurer Common Stock 2011-12-31 5 J 0 9.0137 0.0000 A 61854.5759 D Common Stock 2012-02-07 4 A 0 3009.0000 0.0000 A 64863.5759 D Stock Option (Right to Buy) 36.5500 2012-02-07 4 A 0 8560.0000 0.0000 A 2019-02-07 Common Stock 8560.0000 8560.0000 D Includes 9.0137 shares acquired under the Issuer's employee stock purchase plan in December 2011. Award of time-vesting restricted stock under the Forward Air Corporation Amended and Restated Stock Option and Incentive Plan in a transaction exempt from Section 16(b) under Rule 16b-3. The stock vests equally in one-third increments over three years commencing 2/7/13 and fully vesting on 2/7/15. This option vests 33-1/3% each year over a three year period commencing on 2/7/13. /s/ Michael P. McLean, Attorney-in-Fact 2012-02-09