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

Jan 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2015-01-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-08	Class A Common Stock	S	15000	$27.9769	Disposed	62838	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	12863	Indirect
Class A Common Stock	3025	Indirect

Footnotes

F1: The shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: Price reflects a weighted average sale price for multiple transactions ranging from $27.69 to $28.50 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: The number of shares beneficially owned following the reported transaction is equal to the reporting person's January 8, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on January 8, 2015. 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.