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

Jan 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COVENANT TRANSPORTATION GROUP INC (CVTI)
CIK: 0000928658
Period of Report: 2019-12-31

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
2019-07-11	Class A Common Stock	G	100000	—	Disposed	128682	Direct
2019-12-31	Class A Common Stock	F	5613	$12.93	Disposed	123069	Direct
2019-12-19	Class A Common Stock	G	100000	—	Disposed	2293904	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	26875	Indirect
Class B Common Stock	2350000	Direct

Footnotes

F1: The shares were gifted by Mr. Parker to a grantor retained annuity trust with an independent trustee.

F2: Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to Mr. Parker.

F3: Shares owned jointly by Mr. and Ms. Parker, as joint tenants with rights of survivorship.

F4: The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's December 31, 2019 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on December 31, 2019. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.