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NEWLAND CAPITAL MANAGEMENT, LLC
> FWRD
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2015 | FORWARD AIR CORP | FWRD | 0 | -30,722 | 0 | -1,275,000 | |
| 09/30/2015 | FORWARD AIR CORP | FWRD | 30,722 | 30,722 | 1,275,000 | 1,275,000 | $41.50 |
| 06/30/2015 | FORWARD AIR CORP | FWRD | 69,012 | 69,012 | 3,607,000 | 3,607,000 | $52.27 |
| 12/31/2014 | FORWARD AIR CORP | FWRD | 0 | -53,456 | 0 | -2,396,000 | |
| 09/30/2014 | FORWARD AIR CORP | FWRD | 53,456 | 53,456 | 2,396,000 | 2,396,000 | $44.82 |
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