PAMT CORP — Director's Dealing 2018

Jun 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAM TRANSPORTATION SERVICES INC (PTSI)
CIK: 0000798287
Period of Report: 2018-06-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-25	Common Stock	M	4000	$11.22	Acquired	81667	Direct
2018-06-25	Common Stock	M	800	$11.22	Acquired	82467	Direct
2018-06-25	Common Stock	M	19600	$10.90	Acquired	102067	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-25	Employee Stock Option (Right to Buy)	$11.22	M	4000	Disposed	2020-11-30	Common Stock (4000)	Direct
2018-06-25	Employee Stock Option (Right to Buy)	$11.22	M	800	Disposed	2020-11-30	Common Stock (800)	Direct
2018-06-25	Employee Stock Option (Right to Buy)	$10.90	M	19600	Disposed	2022-05-24	Common Stock (19600)	Direct

Footnotes

F1: The option vested in five equal annual installments which began on November 30, 2011.

F2: 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. Two Thousand (2,000) shares became exercisable in five equal annual installments beginning on the first anniversary of the date of the Company's earnings release in which the applicable performance criteria were met. The performance criteria for the second quarter of 2011 were met, resulting in the vesting of 2,000 shares in five equal annual installments beginning on July 27, 2012.

F3: The option vested in five equal annual installments which began on May 24, 2013.