SEC Form 4 · accession 0001140361-15-001241
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph H Lovin Jr.
Officer — Executive VP and Secretary
Period of report
Jan 8, 2015
Accepted (ET)
Jan 9, 2015 · 3:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000928658
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2 | Jan 8, 2015 | S | 15,000 | $27.9769 | D | 62,838 | D | |
| Class A Common StockF3 | holding | — | — | — | 12,863 | I | 401(k) | |
| Class A Common StockF4 | holding | — | — | — | 3,025 | I | By grandchildren under custody agreement |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2Price reflects a weighted average sale price for multiple transactions ranging from $27.69 to $28.50 per share, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each separate price.
- F3The number of shares beneficially owned following the reported transaction is equal to the reporting person's January 8, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on January 8, 2015. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
- F4The shares are held as custodian for minor grandchildren. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.