Sec Form 4 Filing - Fuller William Eric @ US XPRESS ENTERPRISES INC - 2019-05-15

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
Fuller William Eric
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)
President & CEO/Co-Trustee & Managing GP
(Last) (First) (Middle)
4080 JENKINS RD.
3. Date of Earliest Transaction (MM/DD/YY)
05/15/2019
(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 B Common Stock 05/15/2019 M 77,775 A 635,204 D ( 2 )
Class B Common Stock 1,993,269 I ( 3 ) Co-Trustee
Class B Common Stock 1,609,613 I ( 4 ) Managing General Partner
Class A Common Stock 83,598 D ( 2 )
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
Restricted Stock Units ( 1 ) 05/15/2019 M 77,775 ( 5 ) ( 5 ) Class B Common Stock 77,775 $ 0 0 D ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fuller William Eric
4080 JENKINS RD.
CHATTANOOGA, TN37421
X X President & CEO Co-Trustee & Managing GP
Max L. Fuller 2008 Irrevocable Trust FBO William E. Fuller
4080 JENKINS ROAD
CHATTANOOGA, TN37421
X
Signatures
/s/ William Eric Fuller, by Jessica J Kortum, attorney-in-fact, pursuant to a POA previously filed with the SEC 05/17/2019
Signature of Reporting Person Date
/s/ William Eric Fuller, trustee Max L. Fuller 2008 Irrevocable Trust FBO William E. Fuller, by Jessica J Kortum, attorney-in-fact, pursuant to a POA previously filed with the SEC 05/17/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis.
( 2 )Shares held by Mr. Eric Fuller.
( 3 )Shares held by the Max L. Fuller 2008 Irrevocable Trust FBO William E. Fuller (the "Trust") of which Mr. Eric Fuller is a co-trustee, along with his mother, Ms. Janice Fuller. Mr. Eric Fuller and Ms. Janice Fuller have shared dispositive power with respect to shares held in the Trust, and Mr. Eric Fuller has sole voting power.
( 4 )Shares held by Max Fuller Limited Partnership, in which Mr. Eric Fuller is the managing general partner. Mr. Eric Fuller disclaims beneficial ownership of these securities except to the extent of his 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 )The RSUs were granted on May 15, 2014 and vested in five approximately equal installments. The final installment vested on May 15, 2019.

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