COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2011

Apr 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2011-04-12

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
2011-04-12	Class A Common Stock	F	2051	$9.235	Disposed	72217	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3238477	Direct
Class A Common Stock	100000	Indirect
Class A Common Stock	26670	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: Represents shares surendered to the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to the reporting person.

F2: Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.

F3: Shares are owned by the Parker Family Limited Partnership, of which Mr. and Mrs. Parker are the general partners.

F4: The number of shares beneficially owned following the reported transaction is equal to the reporting person's April 12, 2011 account balance in the employer stock fund under the issuer's 401(k) plan divided by the closing price on April 12, 2011. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.