COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2020

Feb 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2020-02-18

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
2020-02-18	Class A Common Stock	D	3391	—	Disposed	119678	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2293904	Direct
Class A Common Stock	26804	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: Represents the forfeiture of restricted stock originally granted under the Third Amended and Restated 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 owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.

F3: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 18, 2020 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 18, 2020. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.