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PAMT CORP Director's Dealing 2006

Jul 7, 2006

33518_dirs_2006-07-07_20876ae0-c5a0-46d0-a987-c454402c113d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAM TRANSPORTATION SERVICES INC (PTSI)
CIK: 0000798287
Period of Report: 2006-07-05

Reporting Person: SULLIVAN DANIEL C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-05	Common Stock	M	2000	$20.79	Acquired	22000	Direct
2006-07-05	Common Stock	M	2000	$22.68	Acquired	24000	Direct
2006-07-05	Common Stock	M	2000	$16.99	Acquired	26000	Direct
2006-07-05	Common Stock	M	2000	$18.27	Acquired	28000	Direct
2006-07-05	Common Stock	S	8000	$30.0535	Disposed	20000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-05	Director Stock Option (right to buy)	$20.79	M	2000	Disposed	2007-03-02	Common Stock (2000)	Direct
2006-07-05	Director Stock Option (right to buy)	$22.68	M	2000	Disposed	2008-03-02	Common Stock (2000)	Direct
2006-07-05	Director Stock Option (right to buy)	$16.99	M	2000	Disposed	2009-03-02	Common Stock (2000)	Direct
2006-07-05	Director Stock Option (right to buy)	$18.27	M	2000	Disposed	2010-03-02	Common Stock (2000)	Direct