COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2012

May 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2012-05-08

Reporting Person: LOVIN RALPH H JR (Executive VP and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-08	Class A Common Stock	I	3470	$2.99	Acquired	17540	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	58939	Direct
Class A Common Stock	2700	Indirect

Footnotes

F1: The price and share amount reflect the intra-plan transfer of approximately $10,374 into the employer stock fund under the Issuer's 401(k) plan, divided by the closing price on the date of the transaction. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.

F2: The number of shares beneficially owned following the reported transaction is equal to the reporting person's May 8, 2012 account balance in the employer stock fund under the issuer's 401(k) plan divided by the closing price on May 8, 2012. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.

F3: The shares are held as custodian for minor grandchild. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.