SEC Form 4 · accession 0001140361-15-004921
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clay Scholl
Officer — VP of Subsidiary
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 6:12 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 | Feb 5, 2015 | M | 1,500 | $13.64 | A | 36,925 | D | |
| Class A Common StockF2 | Feb 5, 2015 | S | 3,729 | $29.0601 | D | 33,196 | D | |
| Class A Common StockF3 | Feb 6, 2015 | I | 8,162 | $0.00 | D | 0 | I | 401(k) |
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 | $13.64 | Feb 5, 2015 | M | 1,500 | D | May 10, 2005 | May 10, 2015 | Class A Common Stock | 1,500 | 0 | D |
Explanation of responses
- F1Represents 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.
- F2Price reflects a weighted average sale price for multiple transactions ranging from $29.05 to $29.15 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.
- F3Represents intra-plan transfer from the Company stock fund. The number of shares is based upon the February 5, 2015, closing price since the plan is unitized and as such does not itself allocate a specific number of shares to each participant.