Knight-Swift Transportation Form 4 SWIFT TRANSPORTATION / VICKIE MOYES ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MOYES JERRY

(Last)

(First)

(Middle)

SWIFT TRANSPORTATION COMPANY

2200 SOUTH 75TH AVENUE

(Street)

PHOENIX

85043

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SWIFT TRANSPORTATION Co [ SWFT ]

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)
CEO / Member of 10% group

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	10/22/2015		G	V	3,300,000⁽¹⁾	D	$0	14,658,799	I⁽²⁾	Manager
Class B Common Stock	10/22/2015		G	V	3,300,000⁽¹⁾	A	$0	3,300,000	I⁽³⁾	Manager and Member
Class B Common Stock								6,820,090	I⁽⁴⁾	Manager and Member
Class A Common Stock								2,590,077	I⁽⁴⁾	Manager and Member
Class A Common Stock								100	D
Class B Common Stock								26,213,049	I⁽⁵⁾	Manager and Member

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)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Forward Sale Contract (obligation to sell)	⁽⁶⁾⁽⁷⁾⁽⁸⁾⁽⁹⁾⁽¹⁰⁾	10/30/2015		J⁽⁶⁾⁽⁷⁾⁽⁸⁾⁽⁹⁾⁽¹⁰⁾		1		⁽⁶⁾⁽⁷⁾⁽⁸⁾⁽⁹⁾⁽¹⁰⁾	⁽⁶⁾⁽⁷⁾⁽⁸⁾⁽⁹⁾⁽¹⁰⁾	Class A Common Stock	3,300,000	⁽⁶⁾⁽⁷⁾⁽⁸⁾⁽⁹⁾⁽¹⁰⁾	1	I⁽³⁾	Manager and Member
Forward Sale Contract (obligation to sell)	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	10/30/2015		J⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾			1	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	Class A Common Stock	25,994,016	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	0	I⁽⁵⁾	Manager and Member
Forward Sale Contract (obligation to sell)	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	10/30/2015		J⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾		1		⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	Class A Common Stock	13,700,000	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	1	I⁽⁵⁾	Manager and Member
Forward Sale Contract (obligation to sell)	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	10/30/2015		J⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾		1		⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	Class A Common Stock	12,294,016	⁽¹¹⁾⁽¹³⁾⁽¹⁴⁾⁽¹⁵⁾⁽¹⁶⁾⁽¹²⁾	1	I⁽⁵⁾	Manager and Member

1. Name and Address of Reporting Person^*

MOYES JERRY

(Last)

(First)

(Middle)

SWIFT TRANSPORTATION COMPANY

2200 SOUTH 75TH AVENUE

(Street)

PHOENIX

85043

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

MOYES VICKIE

(Last)

(First)

(Middle)

P.O. BOX 1397

(Street)

TOLLESON

85353

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

MOYES JERRY & VICKIE FAMILY TRUST

(Last)

(First)

(Middle)

C/O SWIFT AVIATION GROUP, INC.

2710 E. OLD TOWER ROAD

(Street)

PHOENIX

85034

(City)

(State)

(Zip)

Explanation of Responses:

1. The reported securities were transferred from M Capital Group Investors, LLC ("M Capital I") to Cactus Holding Company, LLC ("Cactus I").

2. Shares are owned by M Capital I, and indirectly by the Jerry and Vickie Moyes Family Trust (the "JVMF Trust"), as the sole manager 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.

3. Shares are owned by Cactus I, an entity controlled by the JVMF Trust, for which Mr. and Mrs. Moyes serve as co-trustees. The JVMF Trust, Mr. Moyes, and Mrs. Moyes are all of the members of Cactus I.

4. Shares are owned by Cactus Holding Company II, LLC ("Cactus II"), an entity controlled by the JVMF Trust, for which Mr. and Mrs. Moyes serve as co-trustees. The JVMF Trust, Mr. Moyes, and Mrs. Moyes are all of the members of Cactus II.

5. Shares are owned by M Capital Group Investors II, LLC ("M Capital II"), and indirectly by the JVMF Trust, as the sole manager of M Capital II. Mr. Moyes, Mrs. Moyes, and the JVMF Trust 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. On October 30, 2015, Cactus I entered into a Master Terms and Conditions for Prepaid Variable Share Forward Transactions, together with a supplemental confirmation thereto (the "Cactus Forward Agreement") with Citigroup Global Markets Inc. ("CGMI"). Under the Cactus Forward Agreement, Cactus I is obligated to deliver a variable amount of Class A Common Stock, par value $0.01 per share, of Swift Transportation Company ("Class A Common Stock"), or an equivalent amount of cash, upon certain dates specified in the Cactus Forward Agreement. The number of shares deliverable under the Cactus Forward Agreement depends on the "Forward Floor Price," "Forward Cap Price," "Number of Shares," and "Settlement Price," each as defined in the Cactus Forward Agreement. The Cactus Forward Agreement has three components, each with its own "Valuation Date" and "Number of Shares."

7. Under the Cactus Forward Agreement, the Forward Floor Price is defined as $22.00, the Forward Cap Price is defined as $26.40, and the Number of Shares for each component is 1,100,000. The Settlement Price under the Cactus Forward Agreement 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 Valuation Dates range from November 21, 2016 to November 23, 2016. The shares or cash deliverable by Cactus I must be delivered on the date that is one Settlement Cycle (as defined in the Cactus Forward Agreement) following the relevant Valuation Date.

8. The maximum number of shares to be delivered under the Cactus Forward Agreement is 3,300,000 shares of Class A Common Stock, but the actual number of shares required to be delivered under each component depends on the Settlement Price with respect to such component.

9. Under the Cactus Forward Agreement, 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.

10. Cactus I received a cash payment of $48,300,000 from CGMI in connection with the Cactus Forward Agreement.

11. On October 29, 2013, M Capital II entered into a Master Terms and Conditions for Prepaid Variable Share Forward Transactions (together with the supplemental confirmations thereto, the "M Capital Forward Agreement") with Citibank, N.A. ("Citibank"). Under the M Capital Forward Agreement, M Capital II is obligated to deliver a variable amount of Class A Common Stock, or an equivalent amount of cash, upon certain dates specified in the M Capital Forward Agreement. On February 18, 2015, M Capital II and Citibank amended the terms of the M Capital Forward Agreement by entering into amended and restated supplemental confirmations with respect thereto.

12. On October 30, 2015, M Capital II and Citibank entered into a Second Amended and Restated Transaction 1 Supplemental Confirmation (the "Amendment"), which amends the terms of the first tranche of the M Capital Forward Agreement. This Form 4 reports the Amendment. The terms of the second tranche of the M Capital Forward Agreement were not changed as part of the Amendment.

13. The Amendment made the following changes, among other technical changes, to the existing tranche 1 of the M Capital Forward Agreement: (1) decreased the Forward Floor Price from $22.54 to $22.00; (2) decreased the Forward Cap Price from $34.00 to $26.40; and (3) extended the Valuation Dates from November 4 through November 6, 2015, to November 21 through November 23, 2016. The maximum number of shares to be delivered under tranche 1 of the M Capital Forward Agreement remained the same at 13,700,000.

14. As was the case prior to the Amendment, the shares or cash deliverable by M Capital II must be delivered on the date that is one Settlement Cycle (as defined in the M Capital Forward Agreement) following the relevant Valuation Date. In connection with the Amendment, M Capital II made a cash payment to Citibank of $18,500,000.

15. Tranche 2 of the M Capital Forward Agreement remains unchanged, with a Forward Floor Price of $23.30, a Forward Cap Price of $36.50, Valuation Dates ranging from July 5, 2016 through August 1, 2016, and the maximum number of shares to be delivered at 12,294,016.

16. The formulas used to determine the number of shares to be delivered under the M Capital Forward Agreement remained unchanged, and are the same as those described for the Cactus Forward Agreement in Footnote 9 above.

Remarks:

	/s/ Jerry Moyes, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed	11/03/2015
	/s/ Vickie Moyes, by Earl Scudder, attorney-in-fact, pursuant to a POA previously filed	11/03/2015
	/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	11/03/2015
	/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	11/03/2015
	** Signature of Reporting Person	Date
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Knight-Swift Transportation (KNX) Form 4SWIFT TRANSPORTATION / VICKIE MOYES ownership change