ROBERT L. DEMOREST - 23 Feb 2022 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role
Director
Signature
/s/ James J. Hinnendael, attorney-in-fact
Issuer symbol
MRTN
Transactions as of
23 Feb 2022
Net transactions value
-$115,940
Form type
4
Filing time
24 Feb 2022, 16:49:24 UTC
Previous filing
03 Dec 2021
Next filing
05 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Options Exercise $58,959 +10,313 +22% $5.72 57,687 23 Feb 2022 Direct
transaction MRTN Common Stock Sale $174,899 -10,313 -18% $16.96 47,374 23 Feb 2022 Direct F1

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 -10,313 -100% $0.000000* 0 23 Feb 2022 Common Stock 10,313 $5.72 Direct F2
* 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 $16.835 to $17.025, 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 This option has fully vested.