Hinnendael James J 4
4 · MARTEN TRANSPORT LTD · Filed Mar 11, 2022
Insider Transaction Report
Form 4
Hinnendael James J
Exec. VP and CFO
Transactions
- Exercise/Conversion
Common Stock
2022-03-10$9.01/sh+8,451$76,127→ 145,661 total - Sale
Common Stock
2022-03-10$18.38/sh−6,350$116,717→ 139,311 total - Exercise/Conversion
Stock Option (right to buy)
2022-03-10−8,451→ 0 totalExercise: $9.01Exp: 2022-05-12→ Common Stock (8,451 underlying)
Footnotes (3)
- [F1]Includes: (i) 4,832 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 1,515 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 2,040 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 1,065 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.27 to $18.51, 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.
- [F3]This option has fully vested.