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Filing Details

Accession Number:: 0001140361-10-029395
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2010-07-14 13:00:00
Reporting Period:: 2010-07-12

Filing Date:: 2010-07-14
Accepted Time:: 2010-07-14 17:20:22
Original Submission Date:: 2010-01-12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
928658	Covenant Transportation Group Inc	CVTI	Trucking (No Local) (4213)	880320154

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1181042	Jr H Ralph Lovin	400 Birmingham Highway Chattanooga TN 37419	Executive Vp And Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2010-07-12	17,039	$8.00	79,579	No	4	M	Direct
Class A Common Stock	Disposition	2010-07-12	17,039	$8.63	62,540	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Employee Stock Option (Right to Buy) Class A Common Stock	Disposition	2010-07-12	17,039	$0.00	17,039	$8.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2010-07-27	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	10,901	Indirect	401(k)

Footnotes

Represents the exercise of an option to purchase shares of the issuer's Class A common stock in the amount of 17,039, plus (i) 57,126 shares owned by the reporting person, and (ii) 5,414 restricted shares of the issuer's Class A common stock granted January 12, 2010, pursuant to a transaction previously reported by the reporting person (although the aggregate amount granted in the January 12, 2010, transaction was determined following the reporting deadline for the transaction as it was based upon the closing price of the issuer's Class A common stock two full trading days following the public release of the issuer's year end 2009 earnings). The reporting person previously reported that the share number was determined using the closing price two full trading days following public release of the issuer's first quarter 2010 earnings, when it should have been year end 2009 earnings.
The number of shares beneficially owned following the reported transaction is equal to the reporting person's July 12, 2010 account balance in the employer stock fund under the issuer's 401(k) plan divided by the closing price on July 12, 2010. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
Original grant was an option to purchase 32,500 shares of the issuer's Class A common stock, which vested 10,834, 10,834, and 10,832 on 07/27/01, 07/27/02, and 07/27/03, respectively. Upon exercise, the derivative security converts on a one-for-one basis into the issuer's Class A common stock.