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: 2009-06-30

Reporting Person: SMITH TONY (President of Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-30	Class A Common Stock	F	1654	$6.76	Disposed	61284	Direct
2010-05-06	Class A Common Stock	D	4000	—	Disposed	57284	Direct
2010-05-07	Class A Common Stock	F	1086	$7.44	Disposed	56198	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10000	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 and July 31, 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. Subsequent filings on Forms 4 did not reflect this forfeiture in Table 1, Item 5.

F3: Shares owned jointly by Mr. Smith and his wife, Kathy Smith, as joint tenants with rights of survivorship.