SEC Form 4 · accession 0001140361-18-012047
COVENANT LOGISTICS GROUP, INC. · CVLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard B Cribbs
Officer — Exec. VP and CFO
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:45 pm EST
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 | Mar 1, 2018 | D | 1,706 | $0.00 | D | 91,178 | D | |
| Class A Common StockF2 | holding | — | — | — | 8,395 | I | 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the forfeiture of restricted stock originally granted under the 2006 Omnibus Incentive Plan, as amended, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date.
- F2The number of shares beneficially owned following the reported transaction is equal to the reporting person's February 28, 2018, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 28, 2018. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.