COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2014

Apr 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2014-02-17

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
2014-02-17	Class A Common Stock	D	6660	—	Disposed	139235	Direct
2014-02-17	Class A Common Stock	D	5000	—	Disposed	134235	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3238477	Direct
Class A Common Stock	100000	Indirect
Class A Common Stock	28253	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: Represents the forfeiture of restricted stock originally granted under the 2006 Omnibus Incentive Plan on November 4, 2010, due to the issuer not achieving the established performance targets, as certified by the issuer's Compensation Committee on the transaction date.

F2: Represents the forfeiture of restricted stock originally granted under the 2006 Omnibus Incentive Plan on May 17, 2011, due to the issuer not achieving the established performance targets, as certified by the issuer's Compensation Committee on the transaction date.

F3: Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.

F4: Shares are owned by the Parker Family Limited Partnership, of which Mr. and Mrs. Parker are the general partners.

F5: The number of shares beneficially owned following the reported transaction is equal to the reporting person's April 7, 2014, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on April 7, 2014. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.