Sec Form 4 Filing - MOYES JERRY @ Knight-Swift Transportation Holdings Inc. - 2017-11-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MOYES JERRY
2. Issuer Name and Ticker or Trading Symbol
Knight-Swift Transportation Holdings Inc. [ KNX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Member of 10% group
(Last) (First) (Middle)
C/O SWIFT AVIATION GROUP, INC., 2710 E. OLD TOWER ROAD
3. Date of Earliest Transaction (MM/DD/YY)
11/16/2017
(Street)
PHOENIX, AZ85034
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 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
Class B Common Stock 09/08/2017 J( 1 ) V 8,354,978 D 0 I ( 2 ) Manager and Member
Class A Common Stock 09/08/2017 J( 1 ) V 6,015,584 A 7,420,308 I ( 2 ) Manager and Member
Class B Common Stock 09/08/2017 J( 1 ) V 2,378,252 D 0 I ( 3 ) Manager and Member
Class A Common Stock 09/08/2017 J( 1 ) V 1,712,341 A 3,072,472 I ( 3 ) Manager and Member
Class B Common Stock 09/08/2017 J( 1 ) V 10,595,659 D 0 I ( 4 ) Manager and Member
Class A Common Stock 09/08/2017 J( 1 ) V 7,628,874 A 7,628,874 I ( 4 ) Manager and Member
Class B Common Stock 09/08/2017 J( 1 ) V 26,213,049 D 0 I ( 5 ) Manager and Member
Class A Common Stock 09/08/2017 J( 1 ) V 18,873,395 A 18,873,395 I ( 5 ) Manager and Member
Class A Common Stock 61,154 ( 6 ) ( 7 ) D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(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 Exercisable Expiration Date Title Amount or Number of Shares
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 12 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 12 ) 1 ( 8 )( 9 )( 10 )( 11 )( 12 ) ( 8 )( 9 )( 10 )( 11 )( 12 ) Class A Common Stock 8,851,692 ( 6 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 12 ) 0 I ( 5 ) Manager and Member
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 12 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 12 ) 1 ( 8 )( 9 )( 10 )( 11 )( 12 ) ( 8 )( 9 )( 10 )( 11 )( 12 ) Class A Common Stock 8,851,692 ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 12 ) 1 I ( 5 ) Manager and Member
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 13 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 13 ) 1 ( 8 )( 9 )( 10 )( 11 )( 13 ) ( 8 )( 9 )( 10 )( 11 )( 13 ) Class A Common Stock 5,044,308 ( 6 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 13 ) 0 I ( 2 ) Manager and Member
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 13 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 13 ) 1 ( 8 )( 9 )( 10 )( 11 )( 13 ) ( 8 )( 9 )( 10 )( 11 )( 13 ) Class A Common Stock 5,044,308 ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 13 ) 1 I ( 2 ) Manager and Member
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 14 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 14 ) 1 ( 8 )( 9 )( 10 )( 11 )( 14 ) ( 8 )( 9 )( 10 )( 11 )( 14 ) Class A Common Stock 9,864,000 ( 6 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 14 ) 0 I ( 5 ) Manager and Member
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 14 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 14 ) 1 ( 8 )( 9 )( 10 )( 11 )( 14 ) ( 8 )( 9 )( 10 )( 11 )( 14 ) Class A Common Stock 9,864,000 ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 14 ) 1 I ( 5 ) Manager and Member
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 15 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 15 ) 1 ( 8 )( 9 )( 10 )( 11 )( 15 ) ( 8 )( 9 )( 10 )( 11 )( 15 ) Class A Common Stock 2,376,000 ( 6 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 15 ) 0 I ( 2 ) Manager and Member
Forward Sale Contract (obligation to sell) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 15 ) 11/16/2017 J( 8 )( 9 )( 10 )( 11 )( 15 ) 1 ( 8 )( 9 )( 10 )( 11 )( 15 ) ( 8 )( 9 )( 10 )( 11 )( 15 ) Class A Common Stock 2,376,000 ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 15 ) 1 I ( 2 ) Manager and Member
Right to Purchase ( 16 ) 11/16/2017 J( 16 ) 1 11/18/2016 11/30/2017 Class A Common Stock 4,868,208 ( 6 ) ( 16 ) 0 I ( 3 ) Manager and Member
Right to Purchase ( 16 ) 11/16/2017 J( 16 ) 1 11/16/2017 08/14/2018 Class A Common Stock 4,868,208 ( 16 ) 1 I ( 3 ) Manager and Member
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MOYES JERRY
C/O SWIFT AVIATION GROUP, INC.
2710 E. OLD TOWER ROAD
PHOENIX, AZ85034
X X Member of 10% group
MOYES VICKIE
C/O SWIFT AVIATION GROUP, INC.
2710 E. OLD TOWER ROAD
PHOENIX, AZ85034
X
MOYES JERRY & VICKIE FAMILY TRUST
C/O SWIFT AVIATION GROUP, INC.
2710 E. OLD TOWER ROAD
PHOENIX, AZ85034
X
Signatures
/s/ Vickie Moyes, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 11/20/2017
Signature of Reporting Person Date
/s/ Jerry Moyes, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 11/20/2017
Signature of Reporting Person Date
/s/ Vickie Moyes, Co-Trustee of the Jerry and Vickie Moyes Family Trust, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 11/20/2017
Signature of Reporting Person Date
/s/ Jerry Moyes, Co-Trustee of the Jerry and Vickie Moyes Family Trust, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed 11/20/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In connection with the merger of Swift Transportation Company and Knight Transportation, Inc., on September 8, 2017, each issued and outstanding share of Class B common stock, par value $0.01 per share, of the Issuer (the "Class B Common Stock") was converted into one share of Class A common stock, par value $0.01 per share, of the Issuer (the "Class A Common Stock") and immediately thereafter, each issued and outstanding share of Class A Common Stock (including each share of Class A Common Stock into which the shares of Class B Common Stock was converted pursuant to the Class B Conversion) was, by means of a reverse stock split (the "Reverse Split"), consolidated into 0.720 of a share of Class A Common Stock.
( 2 )Shares are held by Cactus Holding Company, LLC ("Cactus I"), an entity for which the Jerry and Vickie Moyes Family Trust (the "JVMF Trust") is the sole manager. Cactus I is wholly owned by Cactus Holding Company III, LLC ("Cactus III"), of which the reporting persons are all of the members.
( 3 )Shares are held by Cactus Holding Company II, LLC ("Cactus II"), an entity for which the JVMF Trust is the sole manager. Cactus II is wholly owned by Cactus III.
( 4 )Shares are held by M Capital I, an entity for which the JVMF Trust serves as the sole manager. Cactus I is one of the members of M Capital I. The reporting persons disclaim any beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purpose.
( 5 )Shares are held by M Capital Group Investors II, LLC ("M Capital II"), an entity for which the JVMF Trust serves as the sole manager. The reporting persons constitute certain of the members of M Capital II. The reporting persons disclaim any beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purpose.
( 6 )Share amount updated to reflect the Reverse Split.
( 7 )Share amount reflects a decrease of 58 shares (on a post Reverse Split basis) to correct an administrative error regarding the number of shares previously reported as forfeited to the Issuer to cover a tax liability incurred as a result of exercising an option. The error resulted from the application of an incorrect income tax rate.
( 8 )Effective as of November 16, 2017, Cactus I and M Capital II, amended certain prepaid variable share forward contracts (each a "VPF" and, collectively, the "VPFs"), as further described herein.
( 9 )Under the VPFs, Cactus I or M Capital II, as applicable, is obligated to deliver a variable amount of Class A Common Stock, or an equivalent amount of cash, upon certain dates set forth in the VPFs. The number of shares deliverable under the VPFs depends on the "Forward Floor Price," "Forward Cap Price," "Number of Shares," and "Settlement Price," each as defined in the applicable VPFs. The VPFs have one or more components, each with its own "Valuation Date" and "Number of Shares."
( 10 )The actual number of shares required to be delivered under each component of the VPFs depends on the Settlement Price with respect to such component. If the Settlement Price is less than or equal to the Forward Floor Price on the relevant Valuation Date, the Number of Shares attributable to that component must be delivered. If the Settlement Price is greater than the Forward Floor Price but less than or equal to the Forward Cap Price, the number of shares to be delivered equals the Forward Floor Price, divided by the Settlement Price, multiplied by the Number of Shares. If the Settlement Price is greater than the Forward Cap Price, the number of shares to be delivered is the equal to the product of (i) the Number of Shares and (ii) a fraction (a) the numerator of which is the sum of (x) the Forward Floor Price and (y) the Settlement Price minus the Forward Cap Price, and (b) the denominator of which is the Settlement Price.
( 11 )The Settlement Price under the VPFs is defined as the volume-weighted average price per share of Class A Common Stock on the New York Stock Exchange on the relevant "Valuation Date" (as defined in each component). The shares or cash deliverable generally must be delivered on the date that is one Settlement Cycle (as defined in 2002 ISDA Equity Derivatives Definitions) following the relevant Valuation Date.
( 12 )The reported transactions involve an amendment to an existing and previously reported VPF by M Capital II. The number of components remained unchanged at twenty. The Number of Shares underlying each component remained unchanged at 442,585 shares underlying nineteen of the components and 442,577 shares underlying the twentieth component, after giving effect to the Reverse Split. The amendment amended the Valuation Dates from December 5, 2017 through January 3, 2018, to August 14, 2018 through September 11, 2018. The Forward Floor Price and Forward Cap Price under this VPF changed from $20.45 and $24.54, respectively, after giving effect to the Reverse Split, to $38.00 and $45.00, respectively. The maximum number of shares to be delivered under this VPF remained unchanged at 8,851,692, after giving effect to the Reverse Split.
( 13 )The reported transactions involve an amendment to an existing and previously reported VPF by Cactus I. The number of components remained unchanged at three. The Number of Shares underlying each component remained unchanged at 1,681,436, after giving effect to the Reverse Split. The amendment amended the Valuation Dates from December 5, 2017 through December 7, 2017, to August 14, 2018 through August 16, 2018. The Forward Floor Price and Forward Cap Price under this VPF changed from $20.45 and $24.54, respectively, after giving effect to the Reverse Split, to $38.00 and $45.00, respectively. The maximum number of shares to be delivered under this VPF remained unchanged at 5,044,308, after giving effect to the Reverse Split.
( 14 )The reported transactions involve an amendment to an existing and previously reported VPF by M Capital II. The number of components remained unchanged at twenty. The Number of Shares underlying each component remained unchanged at 493,200, after giving effect to the Reverse Split. The amendment amended the Valuation Dates from December 5, 2017 through January 3, 2018, to August 14, 2018 through September 11, 2018. The Forward Floor Price and Forward Cap Price under this VPF changed from $30.56 and $36.67, respectively, after giving effect to the Reverse Split, to $36.14 and $44.55, respectively. The maximum number of shares to be delivered under this VPF remained unchanged at 9,864,000, after giving effect to the Reverse Split.
( 15 )The reported transactions involve an amendment to an existing and previously reported VPF by Cactus I. The number of components remained unchanged at three. The Number of Shares underlying each component remained unchanged at 792,000, after giving effect to the Reverse Split. The amendment amended the Valuation Dates from December 5, 2017 through December 7, 2017, to August 14, 2018 through August 16, 2018.The Forward Floor Price and Forward Cap Price under this VPF changed from $30.56 and $36.67, respectively, after giving effect to the Reverse Split, to $36.14 and $44.55, respectively. The maximum number of shares to be delivered under this VPF remained unchanged at 2,376,000, after giving effect to the Reverse Split.
( 16 )The reported transactions involve an amendment to an existing and previously reported Sale and Repurchase Agreement (the "Repurchase Agreement") by Cactus II, which amended the expiration date from November 30, 2017 to August 14, 2018. As previously disclosed, in connection with the entry into the Repurchase Agreement in May 2014, Cactus II received an aggregate of $84,483,693. The amendment to the Repurchase Agreement increased the maximum amount available for advance and the corresponding maximum repurchase price to $125,000,000. Cactus II has a fully recourse obligation to repurchase the underlying securities on the expiration date, and the right to repurchase the underlying securities at any time prior to the expiration date, upon repaying the amount advanced plus accrued interest.

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