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

Oct 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2017-10-25

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
2017-10-25	Class A Common Stock	S	57381	$28.6791	Disposed	3288557	Direct
2017-10-26	Class A Common Stock	S	183535	$28.8030	Disposed	3105022	Direct
2017-10-27	Class A Common Stock	S	9084	$28.715	Disposed	3095938	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	110580	Direct
Class A Common Stock	26664	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: The price reflects a weighted average sale price for multiple transactions ranging from $28.50 to $29.13, 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.

F2: Share amount updated to reflect change in form of beneficial ownership between directly owned shares and shares held as joint tenant with rights of survivorship.

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 $28.55 to $29.06, 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.

F5: The price reflects a weighted average sale price for multiple transactions ranging from $28.70 to $28.84, 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.

F6: The number of shares beneficially owned following the reported transaction is equal to the reporting person's October 25, 2017, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on October 25, 2017. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.