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COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2015
Feb 13, 2015
32762_dirs_2015-02-12_407af7f1-c4ef-41ed-ad1a-f3f6263f07e0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2015-02-10
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 |
|---|---|---|---|---|---|---|---|
| 2015-02-10 | Class A Common Stock | M | 5690 | $21.43 | Acquired | 143742 | Direct |
| 2015-02-10 | Class A Common Stock | S | 5690 | $27.501 | Disposed | 138052 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-10 | Employee Stock Option (Right-to-Buy) Class A Common Stock | $21.43 | M | 5690 | Disposed | 2015-02-16 | Class A Common Stock (5690) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 3238477 | Direct |
| Class A Common Stock | 100000 | Indirect |
| Class A Common Stock | 27543 | Indirect |
| Class B Common Stock | 2350000 | Direct |
Footnotes
F1: Represents exercise of employee stock option scheduled to expire on February 16, 2015, which avoided forfeiture by the reporting person of such option on such date.
F2: Price reflects a weighted average sale price for multiple transactions ranging from $27.30 to $27.75 per share, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each separate price.
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 February 2, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 2, 2015. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.