FORM 4

 
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See Instruction 1(b). 		  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
 
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940		  
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(Print or Type Responses)

                     
1. Name and Address of Reporting Person*
 
Drum,           Craig            A. 		  2. Issuer Name and Ticker or Trading Symbol
 
Forward Air Corporation (FWRD) 		  6. Relationship of Reporting Person to Issuer (Check all applicable)
o Director                          o  10% Owner
x Officer (give title below)    o  Other (specify below)
(Last)       (First)        (Middle)
 
 
 
430 Airport Road 		  3. I.R.S. or Social Security Number of Reporting Person (Voluntary)
N/A 		  4. Statement for Month/Year
 
August 2002 		  Senior Vice President, Sales
(Street)
 
 
 
Greeneville,      TN       37745 		      5. If Amendment,
Date of Original
(Month/Year)
  		  7. Individual or Joint/Group Filing
(Check Applicable Line)
 
x Form filed by One Reporting Person
o Form filed by More than One Reporting Person
(City)          (State)          (Zip)                    
 
TABLE I — NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                     
1. Title of Security
(Instr. 3) 		  2. Transaction
Date
(Month/ Day/
Year) 		  3.  Transaction Code
(Instr. 8) 		  4. Security Acquired (A) or Disposed of (D)
(Inst. 3, 4 & 5) 		  5. Amount of
Securities
Beneficially Owned
at End of Month
(Instr. 3 & 4) 		  6. Ownership
Form:
Direct (D)
or
Indirect  (I)
(Instr.  4) 		  7. Nature
of Indirect
Beneficial
Ownership
(Instr.  4)
        Code   V   Amount   (A) or (D)   Price            
Common Stock   8/1/02   S       110   D   $21.23   93*   D   N/A
                                     
 
                                   
 
                                   
 
                                   
 
                                   
 
                                   
 
                                   
 
                                   
         
Reminder: Report on separate line for each class of securities
beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see instruction
4(b)(v). 		      (Over)
SEC 1474 (7-86)

 

         
FORM 4 (continued)   Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)		    
                                                         
 1. Title of Derivative Security

(Instr. 3) 		   2. Conversion
or Exercise
Price of
Derivative
Security 		   3. Transaction Date
 
(Month/Day/Year) 		   4. Transaction Code

(Instr. 8) 		   5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4,
& 5) 		   6. Date
Exercisable
and Expiration
Date
 
(Month/Day/ Year) 		   7. Title and
Amount of
Underlying
Securities

(Instr. 3 & 4) 		   8. Price of
Derivative
Security

(Instr. 5) 		   9. Number of
Derivative
Securities
Beneficially
Owned at
End of
Month

(Instr. 4) 		   10.  Ownership
Form of
Derivative
Security:
Direct (D)
or
Indirect (I)

(Instr. 4) 		   11. Nature of
Indirect
Beneficial
Ownership

(Instr. 4)
            Code   V   (A)   (D)   Date
Exercis-
able 		  Expira-
tion
Date 		 
Title 		  Amount or
Number of
Shares 		               
N/A                                                        
 
                                                       
 
                                                       
 
                                                       
 
                                                       
 
                                                       
 
                                                       
  Explanation of Responses:
         
* The shares were purchased under the issuer's employee stock purchase plan in June 2002.
 
  /s/ Craig A. Drum
   8/28/02
    Craig A. Drum   Date
**  Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
        
 
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