Form 4 for MRTN MARTEN TRANSPORT LTD
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001235802-22-000040 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-03 | 2022-03-01 | MRTN | TURNER JOHN H | EVP Sales, Marketing | A - Grant | $0.00 | +6,059 | 97.2K | +7% | $0 |
| D | 2022-03-03 | 2022-03-03 | MRTN | TURNER JOHN H | EVP Sales, Marketing | S - Sale+OE | $18.09 | -9,661 | 83.4K | -10% | -$174.8K |
| D | 2022-03-03 | 2022-03-03 | MRTN | TURNER JOHN H | EVP Sales, Marketing | M - OptEx | $9.01 | +9,661 | 93.0K | +12% | +$87.0K |
| DM | 2022-03-03 | 2022-03-01 | MRTN | TURNER JOHN H | EVP Sales, Marketing | F - Tax | $17.31 | -13.8K | 83.4K | -14% | -$239.4K |
| D | 2022-03-03 | 2022-03-03 | MRTN | TURNER JOHN H | EVP Sales, Marketing | M - OptEx | $0.00 | -9,661 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-01 | A | A | 6,059.18 | $0.00 | 97,183 | D | — | — | (F1) Excludes shares that were previously reported as they vested based on service. (F2) Includes: (i) 4,572 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 1,491 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 2,010 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 885 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022. |
| 2 | Common | Common Stock | 2022-03-03 | S | D | 9,661 | $18.09 | 83,355 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.97 to $18.24, 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 (4) to this Form 4. (F2) Includes: (i) 4,572 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 1,491 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 2,010 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 885 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022. |
| 3 | Common | Common Stock | 2022-03-03 | M | A | 9,661 | $9.01 | 93,016 | D | — | — | (F2) Includes: (i) 4,572 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 1,491 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 2,010 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 885 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022. |
| 4 | Common | Common Stock | 2022-03-01 | F | D | 5,947 | $17.31 | 91,236 | D | — | — | (F2) Includes: (i) 4,572 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 1,491 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 2,010 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 885 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022. |
| 5 | Common | Common Stock | 2022-03-01 | F | D | 7,881 | $17.31 | 83,355 | D | — | — | (F3) These shares were withheld to cover the estimated tax withholding obligations in connection with the issuance of 16,418 shares released from the Issuer's deferred compensation plan which terminated effective May 5, 2021. (F2) Includes: (i) 4,572 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2025; (ii) 1,491 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2024; (iii) 2,010 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022 through 12/31/2023; and (iv) 885 shares granted under a Performance Unit Award Agreement that vest on 12/31/2022. |
| 6 | Derivative | Stock Option (right to buy) | 2022-03-03 | M | D | 9,661 | $0.00 | 0 | D | $9.01 · — to 2022-05-12 | 9,661 Common Stock | (F5) This option has fully vested. |