PAMT CORP — Director's Dealing 2015

Mar 18, 2015

SEC Form 4/A — Form 4/A

Issuer: PAM TRANSPORTATION SERVICES INC (PTSI)
CIK: 0000798287
Period of Report: 2014-04-28

Reporting Person: CUSHMAN DANIEL H (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-28	Employee Stock Option (Right to Buy)	$11.22	M	12000	Disposed	2020-11-30	Common Stock (12000)	Direct
2014-04-28	Employee Stock Option (Right to Buy)	$11.22	M	800	Disposed	2020-11-30	Common Stock (800)	Direct
2014-04-28	Employee Stock Option (Right to Buy)	$10.90	M	9800	Disposed	2022-05-24	Common Stock (9800)	Direct

Footnotes

F1: The original report aggregated this option with an option reported separately in this report. The options have the same exercise price and expiration date but different vesting terms.

F2: The date exercisable and the number of derivative securities beneficially owned following the reported transaction were incorrectly reported in the original report.

F3: The option vests in five equal annual installments beginning on November 30, 2011.

F4: On November 30, 2010, the reporting person was granted an option for 25,600 shares to vest based on the satisfaction of certain quarterly and annual performance criteria by P.A.M. Transportation Services, Inc. (the "Company") for each quarter in 2011 and for the year ended 2011. The performance criteria for the second quarter of 2011 were met, resulting in the option becoming exercisable as to 2,000 shares on July 27, 2011, the date of the Company's earnings release for the period in which the applicable performance criteria were met. The exercisable portion of the option vests in five equal annual installments beginning on July 27, 2012.

F5: The option vests in five equal annual installments beginning on May 24, 2013.