NOTICE OF GUARANTEED DELIVERY
FOR
TENDER OF CLASS A COMMON SHARES
AND
TENDER OF CLASS B COMMON SHARES
OF
SIMON TRANSPORTATION SERVICES INC.
TO
JERRY MOYES
(NOT TO BE USED FOR SIGNATURE GUARANTEES)
This Notice of Guaranteed Delivery, or one substantially in the form
hereof, must be used to accept the Offer (as defined below) if (i)
certificates (the "Share Certificates") evidencing Class A Common Stock, $.01
par value (the "Class A Common Shares"), and Class B Common Stock, $.01 par
value (the "Class B Common Shares" and, together with Class A Common Shares,
the "Shares") of Simon Transportation Services Inc., a Nevada corporation (the
"Company"), are not immediately available, (ii) time will not permit all
required documents to reach Wilmington Trust Company, as Depositary (the
"Depositary"), prior to the Expiration Date (as defined in Section 1 of the
Offer to Purchase (as defined below)) or (iii) the procedure for book-entry
transfer cannot be completed on a timely basis. This Notice of Guaranteed
Delivery may be delivered by hand or transmitted by telegram, facsimile
transmission, or mail to the Depositary (see Section 2 of the Offer to
Purchase).
The Depositary for the Offer is:
Wilmington Trust Company
By Mail: By Hand/Overnight Courier:
Corporate Trust Operations Wilmington Trust Company
Wilmington Trust Company 1105 North Market Street, First Floor
P. O. Box 8861 Wilmington, DE 19801
Wilmington, DE 19885-9472 Attn: Corporate Trust Operations
By Facsimile Transmission: For Confirmation Telephone:
(302) 651-1079 (302) 651-8869
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS
SET FORTH ABOVE, OR TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE TRANSMISSION
OTHER THAN AS SET FORTH ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.
THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE
SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE
GUARANTEED BY AN "ELIGIBLE INSTITUTION" UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE
SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.
THE ELIGIBLE INSTITUTION THAT COMPLETES THIS FORM MUST COMMUNICATE THE
GUARANTEE TO THE DEPOSITARY AND MUST DELIVER THE LETTER OF TRANSMITTAL AND
SHARE CERTIFICATES TO THE DEPOSITARY WITHIN THE TIME PERIOD SHOWN HEREIN.
FAILURE TO DO SO COULD RESULT IN FINANCIAL LOSS TO SUCH ELIGIBLE INSITUTION.
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Ladies and Gentlemen:
The undersigned hereby tenders to Jerry Moyes (the "Purchaser"), upon the
terms and subject to the conditions set forth in the offer to purchase, dated
May 23, 2000 (the "Offer to Purchase"), and the related Letter of Transmittal
(which, as amended or supplemented from time-to-time, together constitute the
"Offer"), receipt of each of which is hereby acknowledged, the number of
Shares specified below pursuant to the guaranteed delivery procedures
described in Section 2 of the Offer to Purchase.
Number of Shares (specify type (Class A Common Shares and/or Class B Common
Shares) and number):
_______________________________________________________________________________
_______________________________________________________________________________
Certificate Nos. (if available): ______________________________________________
[_] Check box if Shares will be tendered by book-entry transfer or through
DTC's ATOP:
Account Number: _______________________________________________________________
Name(s) of Record Holder(s): __________________________________________________
_______________________________________________________________________________
(Please Print)
Address(es): __________________________________________________________________
_______________________________________________________________________________
(Zip Code)
Area Code and Tel. No.: _______________________________________________________
Signature(s): _________________________________________________________________
_______________________________________________________________________________
Dated: ________________, 2000
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THE GUARANTEE SET FORTH BELOW MUST BE COMPLETED
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEES)
The undersigned, a firm that is a commercial bank, broker, dealer, credit
union, savings association, or other entity which is a member in good standing
of the Securities Transfer Agents Medallion Program, the New York Stock
Exchange Medallion Signature Guarantee Program, or the Stock Exchange
Medallion Program (an "Eligible Institution") hereby guarantees delivery to
the Depositary, at its address set forth above, of Share Certificates
evidencing the Shares tendered hereby in proper form for transfer, or
confirmation of book-entry transfer of such Shares into the Depositary's
account at The Depository Trust Company (pursuant to the procedures for book-
entry transfer, set forth in Section 2 of the Offer to Purchase), in each case
with delivery of a properly completed and duly executed Letter of Transmittal
(or a facsimile thereof) with any required signature guarantees, or an Agent's
Message (as defined in Section 2 of the Offer to Purchase), and any other
documents required by the Letter of Transmittal, within three Nasdaq National
Market trading days after the date of execution of this Notice of Guaranteed
Delivery.
Name of Firm: _________________________________________________________________
Address: ______________________________________________________________________
(Zip Code)
Area Code and Tel. No.: _______________________________________________________
Authorized Signatory: _________________________________________________________
(Please Print Name and Title)
Authorized Signature: _________________________________________________________
Date: _________________, 2000
NOTE: DO NOT SEND SHARE CERTIFICATES WITH THIS NOTICE OF GUARANTEED DELIVERY.
SHARE CERTIFICATES SHOULD BE SENT WITH YOUR LETTER OF TRANSMITTAL.
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