Thomas J. Winkel - Mar 20, 2023 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
Mar 20, 2023
Transactions value $
-$47,959
Form type
4
Date filed
3/21/2023, 04:09 PM
Previous filing
May 5, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRTN Common Stock Options Exercise $59K +10.3K +21.19% $5.72* 59K Mar 20, 2023 Direct
transaction MRTN Common Stock Sale -$107K -5.31K -9.01% $20.12 53.7K Mar 20, 2023 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 -10.3K -100% $0.00* 0 Mar 20, 2023 Common Stock 10.3K $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 $20.11 to $20.16, 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.