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

Mar 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2011-01-11

Reporting Person: HUGHES M. DAVID (SENIOR VP AND TREASURER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-11	Class A Common Stock	F	908	$9.71	Disposed	54213	Direct
2011-02-07	Class A Common Stock	F	283	$8.97	Disposed	53930	Direct
2011-03-01	Class A Common Stock	D	13334	—	Disposed	40596	Direct
2011-03-01	Class A Common Stock	D	3000	—	Disposed	37596	Direct
2011-03-01	Class A Common Stock	D	3333	—	Disposed	34263	Direct
2011-03-01	Class A Common Stock	F	1323	$8.92	Disposed	32940	Direct

Footnotes

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

F2: Represents the forfeiture of restricted stock originally granted under the 2006 Omnibus Incentive Plan on September 21, 2006, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date.

F3: Represents the forfeiture of restricted stock originally granted under the 2006 Omnibus Incentive Plan on May 22, 2007, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date.