PAMT CORP — Director's Dealing 2014

Jul 31, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAM TRANSPORTATION SERVICES INC (PTSI)
CIK: 0000798287
Period of Report: 2014-07-30

Reporting Person: SULLIVAN DANIEL C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-30	Common Stock	M	2000	$14.32	Acquired	25504	Direct
2014-07-30	Common Stock	M	2000	$11.75	Acquired	27504	Direct
2014-07-30	Common Stock	M	2000	$11.54	Acquired	29504	Direct
2014-07-30	Common Stock	M	3000	$10.90	Acquired	32504	Direct
2014-07-30	Common Stock	M	5000	$10.44	Acquired	37504	Direct
2014-07-30	Common Stock	D	14000	$35.50	Disposed	23504	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-30	Director Stock Option (Right to Buy)	$14.32	M	2000	Disposed	2015-03-02	Common Stock (2000)	Direct
2014-07-30	Director Stock Option (Right to Buy)	$11.75	M	2000	Disposed	2016-03-02	Common Stock (2000)	Direct
2014-07-30	Director Stock Option (Right to Buy)	$11.54	M	2000	Disposed	2017-03-02	Common Stock (2000)	Direct
2014-07-30	Director Stock Option (Right to Buy)	$10.90	M	3000	Disposed	2017-05-24	Common Stock (3000)	Direct
2014-07-30	Director Stock Option (Right to Buy)	$10.44	M	5000	Disposed	2018-03-02	Common Stock (5000)	Direct

Footnotes

F1: The shares sold in this sale were purchased by the issuer pursuant to the issuer's previously disclosed stock repurchase program in accordance with Rule 10b-18.