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COVENANT LOGISTICS GROUP, INC. Director's Dealing 2011

May 19, 2011

32762_dirs_2011-05-19_d2169cf3-89ec-4d11-98d1-d5e826b8608b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2011-05-17

Reporting Person: HOGAN JOEY B (SR EX VP & COO/PRES OF SUB.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-17 Class A Common Stock A 20000 Acquired 40000 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 34455 Direct
Class A Common Stock 51202 Indirect

Footnotes

F1: Represents a restricted stock award under the 2006 Omnibus Incentive Plan, as such plan may be amended from time to time. The award is subject to certain vesting and forfeiture provisions.

F2: Shares owned jointly by Mr. Hogan and his wife as joint tenants with rights of survivorship.

F3: The number of shares beneficially owned following the reported transaction is equal to the reporting person's May 17, 2011 account balance in the employer stock fund under the issuer's 401(k) plan divided by the closing price on May 17, 2011. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.