SEC Form 4 · accession 0001140361-16-066441
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph H Lovin Jr.
Officer — Executive VP and Secretary
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 2:46 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 StockF1 | May 18, 2016 | A | 2,876 | $0.00 | A | 51,161 | D | |
| Class A Common StockF2 | holding | — | — | — | 3,900 | I | 401(k) | |
| Class A Common StockF3 | holding | — | — | — | 2,325 | I | By grandchildren under custody agreement |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a restricted stock award under the Third Amended and Restated Omnibus Incentive Plan. The award is subject to certain vesting and forfeiture provisions.
- F2The number of shares beneficially owned following the reported transaction is equal to the reporting person's May 18, 2016, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 18, 2016. 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.