COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2017

Nov 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2017-11-22

Reporting Person: PARKER DAVID RAY (Director, CHAIRMAN AND CEO, 10% Owner)
Reporting Person: PARKER JACQUELINE F (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-22	Class A Common Stock	S	3814	$30.0039	Disposed	3031205	Direct
2017-11-24	Class A Common Stock	S	6969	$30.0284	Disposed	3024236	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	110580	Direct
Class A Common Stock	26537	Indirect
Class B Common Stock	2350000	Direct

Footnotes

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

F2: The price reflects a weighted average sale price for multiple transactions ranging from $30.00 to $30.04, inclusive. The reporting persons undertake 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: The price reflects a weighted average sale price for multiple transactions ranging from $30.01 to $30.04, inclusive. The reporting persons undertake 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.

F5: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's November 24, 2017, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on November 24, 2017. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.