COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2019

Jul 9, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2019-07-03

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
2019-07-03	Class A Common Stock	F	703	$14.50	Disposed	197860	Direct
2019-02-25	Class A Common Stock	G	100000	—	Disposed	2393904	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	26818	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to Mr. Parker.

F2: Share amount updated to reflect change in form of beneficial ownership between shares held jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship, and shares owned directly by Mr. Parker.

F3: The shares were gifted by Mr. Parker to a grantor retained annuity trust with an independent trustee.

F4: Shares owned jointly by Mr. and Ms. Parker, as joint tenants with rights of survivorship.

F5: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's July 3, 2019 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on July 3, 2019. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.