COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2015

May 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2015-05-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-21	Class A Common Stock	I	4061	$30.78	Disposed	8775	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	50875	Direct
Class A Common Stock	3025	Indirect

Footnotes

F1: The price and shares reflect the intra-plan transfer of $125,000 out of the employer stock fund under the issuer's 401(k) plan, divided by 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 21, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 21, 2015. 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 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.