SEC Form 4 · accession 0001140361-17-039829
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
Oct 25, 2017
Accepted (ET)
Oct 27, 2017 · 4:51 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,F2,F3 | Oct 25, 2017 | S | 57,381 | $28.6791 | D | 3,288,557 | D | |
| Class A Common StockF4,F2,F3 | Oct 26, 2017 | S | 183,535 | $28.803 | D | 3,105,022 | D | |
| Class A Common StockF5,F2,F3 | Oct 27, 2017 | S | 9,084 | $28.715 | D | 3,095,938 | D | |
| Class A Common StockF2 | holding | — | — | — | 110,580 | D | ||
| Class A Common StockF6 | holding | — | — | — | 26,664 | I | 401(k) | |
| Class B Common StockF3 | holding | — | — | — | 2,350,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reflects a weighted average sale price for multiple transactions ranging from $28.50 to $29.13, inclusive. 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.
- F2Share amount updated to reflect change in form of beneficial ownership between directly owned shares and shares held as joint tenant with rights of survivorship.
- F3Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.
- F4The price reflects a weighted average sale price for multiple transactions ranging from $28.55 to $29.06, inclusive. 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.
- F5The price reflects a weighted average sale price for multiple transactions ranging from $28.70 to $28.84, inclusive. 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.
- F6The number of shares beneficially owned following the reported transaction is equal to the reporting person's October 25, 2017, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on October 25, 2017. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.