SEC Form 4 · accession 0001140361-15-004909

COVENANT LOGISTICS GROUP, INC. · CVLG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SR EX VP & COO/PRES OF SUB.

Period of report

Jul 28, 2014

Accepted (ET)

Feb 9, 2015 · 5:58 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 Stock^F1	Jul 28, 2014	G	1,925	$0.00	D	58,445	D
Class A Common Stock	Aug 1, 2014	G	385	$0.00	D	58,060	D
Class A Common Stock	Nov 5, 2014	G	1,900	$0.00	D	56,160	D
Class A Common Stock	Nov 6, 2014	G	475	$0.00	D	55,685	D
Class A Common Stock	Feb 5, 2015	M	2,285	$21.43	A	57,970	D
Class A Common Stock^F3	Feb 5, 2015	S	2,285	$28.98	D	55,685	D
Class A Common Stock	holding	—	—		—	57,000	D
Class A Common Stock^F4	holding	—	—		—	56,679	I	401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right-to-Buy) Class A Common Stock	$21.43	Feb 5, 2015	M	2,285	D	Feb 16, 2005	Feb 16, 2015	Class A Common Stock	2,285	0	D

F1Share amount updated to reflect change in form of beneficial ownership between directly owned shares and shares held jointly with spouse as joint tenants.
F2Represents exercise of employee stock option scheduled to expire on February 16, 2015, which avoided forfeiture by the reporting person of such option on such date.
F3Shares held jointly with spouse as joint tenants.
F4The number of shares beneficially owned following the reported transaction is equal to the reporting person's February 2, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 2, 2015. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.