SEC Form 4 · accession 0001140361-16-066462
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
David Ray Parker
Officer — CHAIRMAN AND CEO · Director · 10% Owner
Jacqueline F Parker
10% Owner
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 3:07 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 | 14,032 | $0.00 | A | 138,825 | D | |
| Class A Common StockF2 | holding | — | — | — | 3,238,477 | D | ||
| Class A Common StockF3 | holding | — | — | — | 28,490 | I | 401(k) | |
| Class B Common StockF2 | holding | — | — | — | 2,350,000 | D |
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.
- F2Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.
- F3The 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.