COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2016

May 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2016-05-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-18	Class A Common Stock	A	2876	—	Acquired	51161	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3900	Indirect
Class A Common Stock	2325	Indirect

Footnotes

F1: Represents a restricted stock award under the Third Amended and Restated Omnibus Incentive Plan. The award is subject to certain vesting and forfeiture provisions.

F2: The number of shares beneficially owned following the reported transaction is equal to the reporting person's May 18, 2016, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 18, 2016. 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.