SEC Form 4 · accession 0001140361-15-018471
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
David Ray Parker
Officer — CHAIRMAN, PRESIDENT AND CEO · Director · 10% Owner
Jacqueline F Parker
10% Owner
Period of report
May 7, 2015
Accepted (ET)
May 8, 2015 · 3:10 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 | May 7, 2015 | M | 10,000 | $13.64 | A | 121,577 | D | |
| Class A Common StockF2 | holding | — | — | — | 3,238,477 | D | ||
| Class A Common StockF3 | holding | — | — | — | 100,000 | I | Fn | |
| Class A Common StockF4 | holding | — | — | — | 27,442 | I | 401(k) | |
| Class B Common StockF2 | holding | — | — | — | 2,350,000 | 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 | $13.64 | May 7, 2015 | M | 10,000 | D | May 10, 2005 | May 10, 2015 | Class A Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Represents exercise for cash of employee stock option scheduled to expire on May 10, 2015, which avoided forfeiture by the reporting person of such option on such date.
- F2Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.
- F3Shares are owned by the Parker Family Limited Partnership, of which Mr. and Mrs. Parker are the general partners.
- F4The number of shares beneficially owned following the reported transaction is equal to the reporting person's May 4, 2015, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 4, 2015. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.