Major owner of Heartland Express just disposed of 286,624 shares


Michael J Gerdin, a major owner of Heartland Express and Heartland Express's Chief Executive Officer and a director of the company, recently disposed of 286,624 shares of the company. The disposals took place at $0.00 per share, on June 30, 2014. Gerdin still owns 28,994,582 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Gerdin operates out of North Liberty, IA. Some additional info was provided as follows:

An annuity distribution of 286,624 shares was made from a grantor retained annuity trust created for the benefit of Ann Gerdin. The reporting person serves as trustee over this GRAT and has no pecuniary interest other than a remainder interest, if any. As trustee, Mr. Gerdin has voting and di spositive powers with respect to the GRAT. This transactions does not constitute a gift to the reporting person. Benefical ownership is disclaimed. The reporting person is trustee over shares held by trusts created for the benefit of his children. As trustee, Mr. Gerdin has shared voting and dispositive powers with respect to each trust. Beneficial ownership is disclaimed. The reporting person is one of the beneficiaries of the 2009 Gerdin Heartland Trust. Mr. Gerdin does not have voting and dispositive powers with respect to this trust. Lawrence D. Crouse serves as trustee. Beneficial ownership is disclaimed. The reporting person is one of the beneficiaries of the 2005 Gerdin Children's Trust. Mr. Gerdin does not have voting and dispositive powers with respect to this trust. Lawrence D. Crouse serves as trustee. Beneficial ownership is disclaimed. The reporting person is one of the beneficiaries of the 2007 Gerdin Heartland Trust. Mr. Gerdin does not have voting and dispositive powers with respect to this trust. Lawrence D. Crouse serves as trustee. Benefiicial ownership is disclaimed.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Heartland Express next reports earnings on July 14, 2014.

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Other recent filings from the company include the following:

Heartland Express, Inc. Declares Regular Quarterly Dividend - Nov. 20, 2014
Heartland Express's Vice President of Operations just disposed of 800 shares - Nov. 18, 2014

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