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: 2014-07-31

Reporting Person: Davis W Scott (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-31	Common Stock	M	2000	$14.32	Acquired	22504	Direct
2014-07-31	Common Stock	M	3000	$10.90	Acquired	25504	Direct
2014-07-31	Common Stock	D	5000	$35.97	Disposed	20504	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-31	Director Stock Option (Right to Buy)	$14.32	M	2000	Disposed	2015-03-02	Common Stock (2000)	Direct
2014-07-31	Director Stock Option (Right to Buy)	$10.90	M	3000	Disposed	2017-05-24	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1500	Indirect
Common Stock	1000	Indirect

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.