SEC Form 4 · accession 0001140361-18-015033
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
Mar 22, 2018
Accepted (ET)
Mar 26, 2018 · 5:18 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 StockF2,F1,F3 | Mar 22, 2018 | S | 536 | $32.5125 | D | 2,777,141 | D | |
| Class A Common Stock | holding | — | — | — | 104,166 | D | ||
| Class A Common StockF4 | holding | — | — | — | 26,330 | 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 shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan by the reporting persons.
- F2The price reflects a weighted average sale price for multiple transactions ranging from $32.51 to $32.52, inclusive. The reporting persons undertake 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.
- F3Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.
- F4The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's March 22, 2018, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on March 22, 2018. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.