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COVENANT LOGISTICS GROUP, INC. Director's Dealing 2018

Mar 5, 2018

32762_dirs_2018-03-05_c0216445-bbf5-4017-ba16-03442744a48e.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: 2018-03-01

Reporting Person: HOGAN JOEY B (PRESIDENT)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2018-03-01 Class A Common Stock D 3412 Disposed 87172 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 53524 Direct
Class A Common Stock 29652 Indirect

Footnotes

F1: Represents the forfeiture of restricted stock originally granted under the 2006 Omnibus Incentive Plan, as amended, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date.

F2: Shares are owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.

F3: The number of shares beneficially owned following the reported transaction is equal to the reporting person's February 28, 2018, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 28, 2018. The plan is unitized and as such does not itself allocate a specific number of shares of each participant.