Forward Air Corporation / Scott Niswonger
 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 2)

Forward Air Corporation

(Name of Issuer)

Common Stock
(Title of Class of Securities)

349853101
(CUSIP Number)

Scott M. Niswonger
430 Airport Road
Greeneville, Tennessee 37745
(423) 636-7000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

October 24, 2003
(Date of Event which Requires Filing
of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D/A, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [    ]

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 
CUSIP NO. 349853101 13D/A PAGE 2  OF 5 PAGES
                 
(1)   NAMES OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Scott M. Niswonger
   
 
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) o
      (b) o
 
   
 
(3)   SEC USE ONLY
 
   
 
(4)   SOURCE OF FUNDS
    Not Applicable
   
 
(5)   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS   o
    IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
   
 
(6)   CITIZENSHIP OR PLACE OF ORGANIZATION
    United States
   
        (7)   SOLE VOTING POWER
NUMBER OF       2,755,000 shares of Common Stock    
SHARES  
BENEFICIALLY   (8)   SHARED VOTING POWER
OWNED BY       0 shares of Common Stock    
EACH  
REPORTING   (9)   SOLE DISPOSITIVE POWER
PERSON WITH       2,755,000 shares of Common Stock    
       
        (10)   SHARED DISPOSITIVE POWER
        0 shares of Common Stock    
       
 
(11)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    2,755,300 shares of Common Stock, consisting of 2,754,700 shares of Common Stock held directly and 600 shares held indirectly.
   
 
(12)   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
    SHARES   o
 
   
 
(13)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
    12.85% Common Stock
   
 
(14)   TYPE OF REPORTING PERSON
    IN
   

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ITEM 1. SECURITY AND ISSUER.

This Schedule 13D/A relates to the common stock, par value $0.01 per share (the “Common Stock”), of Forward Air Corporation, a Tennessee corporation (the “Issuer”). The principal executive offices of the Issuer are located at 430 Airport Road, Greeneville, Tennessee 37745.

ITEM 2. IDENTITY AND BACKGROUND.

(a)   Scott M. Niswonger
 
(b)   430 Airport Road, Greeneville, Tennessee 37745.
 
(c)   Chairman of Forward Air Corporation located at 430 Airport Road, Greeneville, Tennessee 37745. Forward Air Corporation is a provider of scheduled surface transportation for deferred air freight to freight forwarders, integrators and airlines.
 
(d)   During the last five years, Scott M. Niswonger has not been convicted in a criminal proceeding.
 
(e)   During the last five years, Scott M. Niswonger has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, it was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
 
(f)   Scott M. Niswonger is a citizen of the United States.

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

All shares of Common Stock held by Mr. Niswonger were acquired using his personal funds.

ITEM 4. PURPOSE OF TRANSACTION.

During the period October, 2000 through October 24, 2003, Mr. Niswonger has made several dispositions of his shares of the Issuer’s stock. All of these transactions have been reported on Form 4 filings except for the most recent transaction on October 24, 2003 which is reported on Form 4 concurrently with the filing of this Amendment. On October 24, 2003, Mr. Niswonger transferred by gift 330,000 shares of the Issuer’s Common Stock to East Tennessee Foundation. On October 27, 2003, Mr. Niswonger resigned as the Issuer’s Chief Executive Officer. He remains Chairman of the Issuer’s board of directors.

The Issuer has filed a registration statement on Form S-3 covering the sale of 2,200,000 shares of Common Stock owned by Mr. Niswonger. Mr. Niswonger holds the remaining 555,300 shares of Common Stock for investment purposes but may in the future explore a variety of alternatives including without limitation selling all or a portion of these shares to other officers of the Issuer in privately negotiated transactions.

Except as set forth above, Mr. Niswonger has no plans or proposals with respect to any of the matters set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D.

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ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.

(a)   Scott M. Niswonger beneficially owns 12.85 % of the Issuer’s Common Stock or 2,755,300 shares of Common Stock consisting of 2,754,700 shares of Common Stock held directly. Mr. Niswonger has the sole power to vote, dispose, and direct the disposition of the shares listed in his name. Mr. Niswonger also holds 300 shares for his grandson and Mr. Niswonger’s spouse holds 300 shares for her daughter.
 
(b)   Mr. Niswonger beneficially owns the following number of shares of Common Stock with:

  Sole Voting Power: 2,755,000 shares of Common Stock
Shared Voting Power: 0 shares of Common Stock
Sole Dispositive Power: 2,755,000 shares of Common Stock
Shared Dispositive Power: 0 shares of Common Stock

(c)   On October 24, 2003, Mr. Niswonger transferred by gift 330,000 shares of Common Stock to the East Tennessee Foundation.
 
(d)   Not Applicable.
 
(e)   Not applicable.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

None.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

None.

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SIGNATURE (Schedule 13D/A)

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.

         
  By:   /s/ Scott M. Niswonger
Scott M. Niswonger

Date: October 28, 2003

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