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MANAGED ACCOUNT ADVISORS LLC
> FWRD
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2017 | FORWARD AIR CORP | FWRD | 0 | -137,525 | 0 | -7,187,000 | |
| 06/30/2017 | FORWARD AIR CORP | FWRD | 0 | -137,525 | 0 | -7,187,000 | |
| 03/31/2017 | FORWARD AIR CORP | FWRD | 0 | -137,525 | 0 | -7,187,000 | |
| 12/31/2016 | FORWARD AIR CORP | FWRD | 0 | -137,525 | 0 | -7,187,000 | |
| 09/30/2016 | FORWARD AIR CORP | FWRD | 0 | -137,525 | 0 | -7,187,000 | |
| 06/30/2015 | FORWARD AIR CORP | FWRD | 137,525 | 137,525 | 7,187,000 | 7,187,000 | $52.26 |
| 03/31/2015 | FORWARD AIR CORP | FWRD | 42,615 | -107,920 | 2,314,000 | -5,269,000 | $54.30 |
| 12/31/2014 | FORWARD AIR CORP | FWRD | 150,535 | 150,535 | 7,583,000 | 7,583,000 | $50.37 |
| 09/30/2014 | FORWARD AIR CORP | FWRD | 158,815 | 158,815 | 7,120,000 | 7,120,000 | $44.83 |
| 06/30/2014 | FORWARD AIR CORP | FWRD | 167,717 | 167,717 | 8,025,000 | 8,025,000 | $47.85 |
| 03/31/2014 | FORWARD AIR CORP | FWRD | 176,933 | 176,933 | 8,159,000 | 8,159,000 | $46.11 |
| 12/31/2013 | FORWARD AIR CORP | FWRD | 183,562 | 183,562 | 8,060,000 | 8,060,000 | $43.91 |
| 09/30/2013 | FORWARD AIR CORP | FWRD | 196,843 | -2,552 | 7,938,000 | 305,000 | $40.33 |
| 06/30/2013 | FORWARD AIR CORP | FWRD | 199,395 | -25,517 | 7,633,000 | -241,000 | $38.28 |
| 03/31/2013 | FORWARD AIR CORP | FWRD | 205,157 | -19,755 | 7,650,000 | -224,000 | $37.29 |
| 12/31/2012 | FORWARD AIR CORP | FWRD | 224,912 | -8,822 | 7,874,000 | 766,000 | $35.01 |
| 09/30/2012 | FORWARD AIR CORP | FWRD | 233,734 | 57,086 | 7,108,000 | 1,408,000 | $30.41 |
| 06/30/2012 | FORWARD AIR CORP | FWRD | 63,941 | -179,241 | 2,063,000 | -6,855,000 | $32.26 |
| 03/31/2012 | FORWARD AIR CORP | FWRD | 243,182 | -7,811 | 8,918,000 | 874,000 | $36.67 |
| 12/31/2011 | FORWARD AIR CORP | FWRD | 250,993 | 71,559 | 8,044,000 | 3,478,000 | $32.05 |
| 09/30/2011 | FORWARD AIR CORP | FWRD | 179,434 | 228 | 4,566,000 | -1,489,000 | $25.45 |
| 06/30/2011 | FORWARD AIR CORP | FWRD | 179,206 | 5,878 | 6,055,000 | 746,000 | $33.79 |
| 03/31/2011 | FORWARD AIR CORP | FWRD | 176,079 | 15,223 | 5,393,000 | 828,000 | $30.63 |
| 12/31/2010 | FORWARD AIR CORP | FWRD | 163,715 | 12,722 | 4,646,000 | 720,000 | $28.38 |
| 09/30/2010 | FORWARD AIR CORP | FWRD | 153,791 | 12,886 | 3,999,000 | 159,000 | $26.00 |
| 06/30/2010 | FORWARD AIR CORP | FWRD | 141,212 | 24,374 | 3,848,000 | 775,000 | $27.25 |
| 03/31/2010 | FORWARD AIR CORP | FWRD | 116,838 | 14,348 | 3,073,000 | 508,000 | $26.30 |
| 12/31/2009 | FORWARD AIR CORP | FWRD | 102,490 | 15,361 | 2,565,000 | 548,000 | $25.03 |
| 09/30/2009 | FORWARD AIR CORP | FWRD | 87,129 | 65,138 | 2,017,000 | 1,548,000 | $23.15 |
| 06/30/2009 | FORWARD AIR CORP | FWRD | 21,991 | 19,585 | 469,000 | 430,000 | $21.33 |
| 03/31/2009 | FORWARD AIR CORP | FWRD | 2,406 | 957 | 39,000 | 4,000 | $16.21 |
| 12/31/2008 | FORWARD AIR CORP | FWRD | 1,449 | -34 | 35,000 | -5,000 | $24.15 |
| 09/30/2008 | FORWARD AIR CORP | FWRD | 1,483 | 1,483 | 40,000 | 40,000 | $26.97 |
| 06/30/2008 | FORWARD AIR CORP | FWRD | 850 | -902 | 29,000 | -33,000 | $34.12 |
| 03/31/2008 | FORWARD AIR CORP | FWRD | 1,752 | 1,550 | 62,000 | 56,000 | $35.39 |
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