SEC Form 4 · accession 0001140361-15-017092
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joey B Hogan
Officer — SR EX VP & COO/PRES OF SUB.
Period of report
Apr 29, 2015
Accepted (ET)
Apr 30, 2015 · 6:13 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 | Apr 29, 2015 | M | 10,000 | $13.64 | A | 37,875 | D | |
| Class A Common StockF2 | Apr 29, 2015 | S | 10,000 | $31.79 | D | 27,875 | D | |
| Class A Common StockF3 | holding | — | — | — | 63,344 | D | ||
| Class A Common StockF4 | holding | — | — | — | 28,151 | 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 | Apr 29, 2015 | M | 10,000 | D | May 10, 2005 | May 10, 2015 | Class A Common Stock | 10,000 | 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. 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.
- F3Shares are owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.
- F4The number of shares beneficially owned following the reported transaction is equal to the reporting person's April 29, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on April 29, 2015. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.