COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2010

Aug 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2010-04-05

Reporting Person: PARKER DAVID RAY (Director, CHAIRMAN, PRESIDENT AND CEO, 10% Owner)
Reporting Person: PARKER JACQUELINE F (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-05	Class A Common Stock	F	2210	$6.34	Disposed	124243	Direct
2010-05-06	Class A Common Stock	D	4000	—	Disposed	120243	Direct
2010-05-07	Class A Common Stock	F	2210	$7.44	Disposed	118033	Direct
2010-06-30	Class A Common Stock	F	2480	$6.76	Disposed	115553	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3238477	Direct
Class A Common Stock	100000	Indirect
Class A Common Stock	25194	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: Represents shares surrendered to the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to the reporting person, but inadvertently not reported. Subsequent filings on Forms 4 did not reflect this forfeiture in Table 1, Item 5.

F2: Represents the forfeiture of restricted stock originally granted under the 2006 Omnibus Incentive Plan on May 23, 2006, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date, but inadvertently not reported.

F3: Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.

F4: Shares are owned by the Parker Family Limited Partnership, of which Mr. and Mrs. Parker are the general partners.

F5: The number of shares beneficially owned following the reported transaction is equal to the reporting person's August 17, 2010, account balance in the employer stock fund under the issuer's 401(k) plan divided by the closing price on August 17, 2010. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.