4//SEC Filing
HEARTLAND EXPRESS INC 4
Accession 0001591557-15-000002
$HTLDCIK 0000799233operating
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 9:56 AM ET
Size
5.9 KB
Accession
0001591557-15-000002
Insider Transaction Report
Form 4
Gordon Larry J.
Director
Transactions
- Award
Common Stock
2015-05-15+455,402→ 953,867 total
Footnotes (2)
- [F1]The reported securities were received in an exempt transaction as the remaining consideration for 100% of the reporting person's stock in Gordon Trucking, Inc. ("GTI") in connection with the purchase of 100% of GTI's outstanding stock by Heartland Express, Inc., of Iowa ("HEIA"), a wholly-owned subsidiary of the registrant, along with cash received. The number of shares that the reporting person was entitled to acquire was determined with reference to a $14.37 per share value, which represents the average closing price of the registrant's common stock on the Nasdaq Global Select Market for the ten trading days ended on November 8, 2013. Based on the total amount of cash and stock of the registrant paid in connection with the purchase of 100% of GTI's outstanding stock, the GTI stock sold by the reporting person had a value of approximately $142,500,000.
- [F2]Pursuant to the terms of the definitive purchase agreement, the reporting person received the reported securities (the "Escrow Shares") upon the release of such shares from an escrow account established in connection with such purchase agreement. Prior to their release, the Escrow Shares were held in the name of an escrow agent for the benefit of HEIA, and the reporting person's receipt of the Escrow Shares was subject to certain conditions provided in the definitive purchase agreement.
Documents
Issuer
HEARTLAND EXPRESS INC
CIK 0000799233
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000799233
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 9:56 AM ET
- Size
- 5.9 KB