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: LOVIN RALPH H JR (Executive VP and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-17	Class A Common Stock	D	5452	—	Disposed	84990	Direct
2014-02-17	Class A Common Stock	D	4097	—	Disposed	80893	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	13201	Indirect
Class A Common Stock	3025	Indirect

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: 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.

F4: The shares are held as custodian for minor grandchildren. 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.