James J. Hinnendael - Mar 10, 2022 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role
Exec. VP and CFO
Signature
/s/ James J. Hinnendael
Stock symbol
MRTN
Transactions as of
Mar 10, 2022
Transactions value $
-$40,591
Form type
4
Date filed
3/11/2022, 03:47 PM
Previous filing
Mar 3, 2022
Next filing
May 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Options Exercise $76.1K +8.45K +6.16% $9.01 146K Mar 10, 2022 Direct F1
transaction MRTN Common Stock Sale -$117K -6.35K -4.36% $18.38 139K Mar 10, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MRTN Stock Option (right to buy) Options Exercise $0 -8.45K -100% $0.00* 0 Mar 10, 2022 Common Stock 8.45K $9.01 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.