Robert L. Demorest - Dec 1, 2021 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role
Director
Signature
/s/ James J. Hinnendael, attorney-in-fact
Stock symbol
MRTN
Transactions as of
Dec 1, 2021
Transactions value $
-$111,233
Form type
4
Date filed
12/3/2021, 03:37 PM
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Options Exercise $27.9K +5K +10.55% $5.59 52.4K Dec 1, 2021 Direct
transaction MRTN Common Stock Sale -$80.4K -5K -9.55% $16.08 47.4K Dec 1, 2021 Direct F1
transaction MRTN Common Stock Options Exercise $29.7K +5.31K +11.22% $5.59 52.7K Dec 3, 2021 Direct
transaction MRTN Common Stock Sale -$88.5K -5.31K -10.08% $16.65 47.4K Dec 3, 2021 Direct 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 -5K -48.48% $0.00 5.31K Dec 1, 2021 Common Stock 5K $5.59 Direct F3
transaction MRTN Stock Option (right to buy) Options Exercise $0 -5.31K -100% $0.00* 0 Dec 3, 2021 Common Stock 5.31K $5.59 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.05 to $16.09, 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 (1) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.62 to $16.675, 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.