SEC Form 4 · accession 0001140361-15-004911
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tony Smith
Officer — President of Subsidiary
Period of report
Dec 30, 2011
Accepted (ET)
Feb 9, 2015 · 6:01 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 StockF1 | Dec 30, 2011 | S | 10,000 | $2.9813 | D | 0 | D | |
| Class A Common Stock | Feb 5, 2015 | M | 2,076 | $21.43 | A | 99,278 | D | |
| Class A Common Stock | Feb 5, 2015 | M | 10,000 | $13.64 | A | 109,278 | D | |
| Class A Common StockF4 | Feb 5, 2015 | S | 12,076 | $29.2472 | D | 97,202 | D |
Table II — derivative securities
| 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 | 2,076 | D | Feb 16, 2005 | Feb 16, 2015 | Class A Common Stock | 2,076 | 0 | D |
| Employee Stock Option (Right-to-Buy) Class A Common Stock | $13.64 | Feb 5, 2015 | M | 10,000 | D | May 10, 2005 | May 10, 2015 | Class A Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Shares were owned jointly by Mr. Smith and his wife as joint tenants with rights of survivorship.
- 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.
- F3Represents exercise of employee stock option scheduled to expire on May 10, 2015, which avoided forfeiture by the reporting person of such option on such date.
- F4Price reflects a weighted average sale price for multiple transactions ranging from $29.10 to $29.52 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.