SEC Form 4 · accession 0001140361-15-011720

COVENANT LOGISTICS GROUP, INC. · CVLG

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

Reporting owner

Officer — Executive VP and Secretary

Period of report

Mar 11, 2015

Accepted (ET)

Mar 13, 2015 · 4:46 pm EDT

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	Mar 11, 2015	M	7,500	$13.64	A	66,819	D
Class A Common Stock	Mar 13, 2015	S	5,944	$36.60	D	60,875	D
Class A Common Stock^F2	holding	—	—		—	12,777	I	401(k)
Class A Common Stock^F3	holding	—	—		—	3,025	I	By grandchildren under custody agreement

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	Mar 11, 2015	M	7,500	D	May 10, 2005	May 10, 2015	Class A Common Stock	7,500	0	D

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.
F2The number of shares beneficially owned following the reported transaction is equal to the reporting person's March 11, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on March 11, 2015. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
F3The 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.