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COVENANT LOGISTICS GROUP, INC. Director's Dealing 2010

Aug 19, 2010

32762_dirs_2010-08-19_f22bc3ad-4658-4142-bdc8-ad65ea193f0e.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2010-07-01

Reporting Person: BUNN PAUL (Corporate Controller)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-07-01 Class A Common Stock F 653 $7.28 Disposed 6648 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 1980 Indirect

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.

F2: Represents (i) 5,250 shares previously reported as owned by the reporting person, (ii) the surrender of shares disclosed in footnote (1) above, and (iii) the addition of 2,051 restricted shares of the issuer's Class A common stock granted January 12, 2010, pursuant to a transaction previously reported by the reporting person (although the aggregate amount granted in the January 12, 2010, transaction was determined following the reporting deadline for the transaction as it was based upon the closing price of the issuer's Class A common stock two full trading days following the public release of the issuer's year end 2009 earnings). The reporting person previously reported that the share number was determined using the closing price two full trading days following public release of the issuer's first quarter 2010 earnings, when it should have been year end 2009 earnings.

F3: 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.