Sec Form 4 Filing - Pate Lisa M @ US XPRESS ENTERPRISES INC - 2018-06-13

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
Pate Lisa M
2. Issuer Name and Ticker or Trading Symbol
US XPRESS ENTERPRISES INC [ USX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) X __ Other (specify below)
Chief Administrative Officer/Trustee & Managing GP
(Last) (First) (Middle)
4080 JENKINS RD.
3. Date of Earliest Transaction (MM/DD/YY)
06/13/2018
(Street)
CHATTANOOGA, TN37421
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 A Common Stock 06/13/2018 A( 1 ) 9,375 ( 1 ) A $ 0 9,375 D ( 2 )
Class B Common Stock 222,222 D ( 2 )
Class B Common Stock 3,374,516 I ( 3 ) Trustee
Class B Common Stock 1,400,005 I ( 4 ) Managing General Partner
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
Employee Stock Options (right to buy) $ 16 06/13/2018 A 24,631 ( 5 ) 06/13/2028 Class A Common Stock 24,631 $ 0 24,631 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pate Lisa M
4080 JENKINS RD.
CHATTANOOGA, TN37421
X X Chief Administrative Officer Trustee & Managing GP
Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate
4080 JENKINS ROAD
CHATTANOOGA, TN37421
X
Signatures
/s/ Lisa M. Pate, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 06/15/2018
Signature of Reporting Person Date
/s/ Lisa M. Pate, trustee Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 06/15/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a restricted stock award under the 2018 Omnibus Incentive Plan. The award vests in four equal installments on each of June 13, 2019, 2020, 2021, and 2022, and is subject to certain vesting, forfeiture, and termination provisions.
( 2 )Shares held by Ms. Pate.
( 3 )Shares held by the Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate of which Ms. Pate is the sole trustee.
( 4 )Shares held by Quinn Family Partners, L.P., in which Ms. Pate is the managing general partner. Ms. Pate disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purposes.
( 5 )Options vest in four equal installments on each of June 13, 2019, 2020, 2021, and 2022, and is subject to certain vesting, forfeiture, and termination provisions.

Reminder: Report on a 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).
** 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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