Edgar Filing: Quast Kevin

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Quast Kevin

2. Date of Event Requiring Statement (Month/Day/Year)
02/08/2011

3. Issuer Name and Ticker or Trading Symbol
KNIGHT TRANSPORTATION INC [KNX]

(Last)

(First)

(Middle)

5601 WEST BUCKEYE ROAD

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Exec VP and COO

5. If Amendment, Date Original Filed(Month/Day/Year)
02/08/2011

(Street)

PHOENIX,Â AZÂ 85043

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	18,541	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	09/18/2006⁽¹⁾	09/17/2011	Common Stock	13,500 ⁽¹⁾	$ 4.8889 ⁽¹⁾	D	Â
Employee Stock Option (right to buy)	06/05/2007⁽²⁾	06/04/2012	Common Stock	5,625 ⁽²⁾	$ 8.4445 ⁽²⁾	D	Â
Employee Stock Option (right to buy)	08/07/2010⁽³⁾	08/06/2013	Common Stock	6,750 ⁽³⁾	$ 11.4356 ⁽³⁾	D	Â
Employee Stock Option (right to buy)	03/19/2010⁽⁴⁾	03/18/2014	Common Stock	7,875 ⁽⁴⁾	$ 10.5378 ⁽⁴⁾	D	Â
Employee Stock Option (right to buy)	04/26/2010⁽⁵⁾	04/25/2015	Common Stock	6,750 ⁽⁵⁾	$ 14.48 ⁽⁵⁾	D	Â
Employee Stock Option (right to buy)	05/18/2010⁽⁶⁾	05/17/2016	Common Stock	5,000 ⁽⁶⁾	$ 18.75 ⁽⁶⁾	D	Â
Employee Stock Option (right to buy)	05/19/2010⁽⁷⁾	05/18/2016	Common Stock	1,000 ⁽⁷⁾	$ 18.77 ⁽⁷⁾	D	Â
Employee Stock Option (right to buy)	05/25/2010⁽⁸⁾	05/24/2017	Common Stock	6,000 ⁽⁸⁾	$ 18.2 ⁽⁸⁾	D	Â
Employee Stock Option (right to buy)	02/28/2011⁽⁹⁾	02/27/2018	Common Stock	10,000 ⁽⁹⁾	$ 14.79 ⁽⁹⁾	D	Â
Employee Stock Option (right to buy)	05/22/2011⁽¹⁰⁾	05/21/2018	Common Stock	7,500 ⁽¹⁰⁾	$ 17.29 ⁽¹⁰⁾	D	Â
Restricted Stock Unit	Â ⁽¹¹⁾	Â ⁽¹¹⁾	Common Stock	40,000 ⁽¹¹⁾	$ ⁽¹¹⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Quast Kevin 5601 WEST BUCKEYE ROAD PHOENIX,Â AZÂ 85043	Â	Â	Â Exec VP and COO	Â

Signatures

/s/ Kevin Quast		03/15/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Mr. Quast was granted an option to purchase 13,500 shares of stock at the grant price of $4.8889 per share on September 18, 2001 of which zero shares have been exercised and 13,500 shares are vested and exercisable.
(2)	Mr. Quast was granted an option to purchase 5,625 shares of stock at the grant price of $8.4445 per share on June 5, 2002 of which zero shares have been exercised and 5,625 shares are vested and exercisable.
(3)	Mr. Quast was granted an option to purchase 6,750 shares of stock at the grant price of $11.4356 per share on August 7, 2003 of which zero shares have been exercised and 6,750 are vested and exercisable.
(4)	Mr. Quast was granted an option to purchase 7,875 shares of stock at the grant price of $10.5378 per share on March 19, 2004 of which 6,300 shares are currently vested and exercisable with the remaining shares vesting as follows: 1,575 shares on March 19, 2011.
(5)	Mr. Quast was granted an option to purchase 6,750 shares of stock at the grant price of $14.48 per share on April 26, 2005 of which 4,050 shares are currently vested and exercisable with the remaining shares vesting as follows: 1,350 shares annually, with the next scheduled vesting on April 26, 2011, and each anniversary thereafter, until fully vested.
(6)	Mr. Quast was granted an option to purchase 5,000 shares of stock at the grant price of $18.75 per share on May 18, 2006 of which 2,000 shares are currently vested and exercisable with the remaining shares vesting as follows: 1,000 shares annually, with the next scheduled vesting on May 18, 2011, and each anniversary thereafter, until fully vested.
(7)	Mr. Quast was granted an option to purchase 1,000 shares of stock at the grant price of $18.77 per share on May 19, 2006 of which 400 shares are currently vested and exercisable with the remaining shares vesting as follows: 200 shares annually, with the next scheduled vesting on May 19, 2011, and each anniversary thereafter, until fully vested.
(8)	Mr. Quast was granted an option to purchase 6,000 shares of stock at the grant price of $18.20 per share on May 25, 2007 of which 1,200 shares are currently vested and exercisable with the remaining shares vesting as follows: 1,200 shares annually, with the next scheduled vesting on May 25, 2011, and each anniversary thereafter, until fully vested.
(9)	Mr. Quast was granted an option to purchase 10,000 shares of stock at the grant price of $14.79 per share on February 29, 2008, to vest as follows: 2,000 shares annually, with the next scheduled vesting on February 28, 2011, and each anniversary thereafter, until fully vested.
(10)	Mr. Quast was granted an option to purchase 7,500 shares at the grant price of $17.29 per share on May 22, 2008, to vest as follows: 20% each year beginning on May 22, 2011, and each anniversary thereafter, until fully vested.
(11)	On October 30, 2009, Mr. Quast was granted 40,000 Restricted Stock Units, with a vesting schedule as follows: six percent (6%) on January 31, 2011; five percent (5%) respectively on January 31, 2012, January 31, 2013, January 31, 2014 and January 31, 2015; six (6%) percent on January 31, 2016; seven (7%) percent on January 31, 2017; eight (8%) on January 31, 2018; nine (9%) percent on January 31, 2019; ten percent (10%) on January 31, 2020; eleven (11%) percent on January 31, 2021; twelve percent (12%) on January 31, 2022; and eleven percent (11%) on January 31, 2023. Stock is issued when and as vested. Each restricted stock unit represents a contingent right to receive one share of KNX common stock.

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