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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 6/30/20 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 799167 |
| Issuer Name: MARTEN TRANSPORT LTD |
| Issuer Trading Symbol: MRTN |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1253983 |
| | Owner Name: TURNER JOHN H |
| Reporting Owner Address: |
| | Owner Street 1: 129 MARTEN STREET |
| | Owner Street 2: |
| | Owner City: MONDOVI |
| | Owner State: WI |
| | Owner ZIP Code: 54755 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP of Sales and Marketing |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 6/30/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 59.56 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 69,787.68 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Represents dividend equivalent rights that accrued on June 30, 2020. |
| Footnote - F2: Includes: (i) 1,655 shares granted under a Performance Unit Award Agreement that vest on 12/31/20 through 12/31/24; (ii) 2,680 shares granted under a Performance Unit Award Agreement that vest on 12/31/20 through 12/31/23; (iii) 1,770 shares granted under a Performance Unit Award Agreement that vest on 12/31/20 through 12/31/22; (iv) 2,966 shares granted under a Performance Unit Award Agreement that vest on 12/31/20 through 12/31/21; (v) 383 shares granted under a Performance Unit Award Agreement that vest on 12/31/20; and (vi) 37,521.68 shares that the reporting person has deferred under the Issuer's deferred compensation plan. |
Owner Signature: |
| Signature Name: /s/ James J. Hinnendael, attorney-in-fact |
| Signature Date: 7/2/20 |