Sec Form 4 Filing - Rogers Troy Ryan @ US XPRESS ENTERPRISES INC - 2007-10-12

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
Rogers Troy Ryan
2. Issuer Name and Ticker or Trading Symbol
US XPRESS ENTERPRISES INC [ XPRSA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP Treasury and Finance
(Last) (First) (Middle)
4080 JENKINS ROAD
3. Date of Earliest Transaction (MM/DD/YY)
10/12/2007
(Street)
CHATTANOOGA, TN37421
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 A Common Stock 10/12/2007 J( 1 ) 4,453 ( 1 ) D $ 20.1 0 D
Class A Common Stock 10/12/2007 J( 2 ) 82 ( 2 ) D $ 20.1 0 I by Employee Stock Purchase Plan
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
Stock Options (Right-to-Buy) $ 6.875 10/12/2007 D 1,500 ( 3 ) 01/25/2011 Class A Common Stock 1,500 ( 3 ) 0 D
Stock Options (Right-to-Buy) $ 11.5 10/12/2007 D 4,800 ( 4 ) 05/15/2012 Class A Common Stock 4,800 ( 4 ) 0 D
Stock Options (Right-to-Buy) $ 13.9 10/12/2007 D 3,000 ( 5 ) 02/05/2014 Class A Common Stock 3,000 ( 5 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rogers Troy Ryan
4080 JENKINS ROAD
CHATTANOOGA, TN37421
VP Treasury and Finance
Signatures
/s/ Troy Ryan Rogers 10/16/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Disposed of in connection with the tender offer and the merger of New Mountain Lake Acquisition Company ("NMLAC") with and into the Issuer (the "Merger") in exchange for a cash payment of $20.10 per share of the Issuer's Class A Common Stock.
( 2 )Disposed of in connection with the tender offer and the Merger in exchange for a cash payment of $20.10 per share of the Issuer's Class A Common Stock.
( 3 )The options to buy 1,500 shares of the Issuer?s Class A Common Stock under the Issuer?s 1993 Incentive Stock Plan, which originally provided for vesting annually on the first through the fourth anniversaries of the grant date beginning on January 25, 2002, were cancelled pursuant to the Merger in exchange for a cash payment of $19,837.50, representing (a) the difference between the per share exercise price of the option and the per share consideration received by stockholders in the Merger, times (b) the number of shares subject to the option.
( 4 )The options to buy 4,800 shares of the Issuer?s Class A Common Stock under the Issuer?s 2002 Stock Incentive Plan, which originally provided for vesting of 20% on the first through the fifth anniversaries of the grant date, but were accelerated to October 25, 2005 by the Compensation Committee of the Issuer?s Board of Directors, were cancelled pursuant to the Merger in exchange for a cash payment of $41,280, representing (a) the difference between the per share exercise price of the option and the per share consideration received by stockholders in the Merger, times (b) the number of shares subject to the option.
( 5 )The options to buy 3,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 2002 Stock Incentive Plan, which originally provided for vesting of 33% on the first through the third anniversaries of the grant date beginning on February 5, 2005, but were accelerated to October 25, 2005 by the Compensation Committee of the Issuer?s Board of Directors, were cancelled pursuant to the Merger in exchange for a cash payment of $18,600, representing (a) the difference between the per share exercise price of the option and the per share consideration received by stockholders in the Merger, times (b) the number of shares subject to the option.

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