X0306 4 2016-02-04 0 0000799167 MARTEN TRANSPORT LTD MRTN 0001253980 NASH TIMOTHY P 0 1 0 0 Ex. VP of Sales and Marketing Common Stock 2016-02-04 4 M 0 22500 15.727 A 48303.31 D Common Stock 2016-02-04 4 S 0 22500 17.6064 D 25803.31 D Employee Stock Option (right to buy) 15.727 2016-02-04 4 M 0 22500 15.727 D 2016-03-01 Common Stock 22500 0 D Includes: (i) 1,450 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015 through 12/31/2019; (ii) 1,240 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015 through 12/31/2018, (iii) 1,395 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015 through 12/31/2017, (iv) 450 shares granted under a Performance Unit Award Agreement that vest 12/31/2015, (v) 855 shares granted under a Performance Unit Award Agreement that vest on 12/31/2015 through 12/31/2016 and (vi) 11,823.31 shares that the reporting person has deferred under the Issuer's deferred compensation plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.50 to $17.65, inclusive. The reporting person undertakes to provide to Marten Transport, Ltd., any security holder of Marten Transport, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4. This option has fully vested. /s/ James J. Hinnendael, attorney-in-fact 2016-02-08