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Filing Details

Accession Number:: 0001140361-10-029833
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2010-07-20 13:00:00
Reporting Period:: 2010-07-16

Filing Date:: 2010-07-20
Accepted Time:: 2010-07-20 19:58:45
Original Submission Date:: 2010-01-14
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
1220829	Ray David Parker	400 Birmingham Highway Chattanooga TN 37419	Chairman, President And Ceo	Yes	Yes	Yes	No
1271324	F Jacqueline Parker	400 Birmingham Highway Chattanooga TN 37419		No	No	Yes	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
Class A Common Stock	Acquisiton	2010-07-16	36,773	$8.00	163,226	No	4	M	Direct
Class A Common Stock	Disposition	2010-07-16	36,773	$8.60	126,453	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-07-19	18,698	$8.00	145,151	No	4	M	Direct
Class A Common Stock	Disposition	2010-07-19	18,698	$8.56	126,453	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-07-20	2,932	$8.00	129,385	No	4	M	Direct
Class A Common Stock	Disposition	2010-07-20	2,932	$8.53	126,453	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
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	2010-07-16	36,773	$0.00	36,773	$8.00
Class A Common Stock	Employee Stock Option (Right to Buy) Class A Common Stock	Disposition	2010-07-19	18,698	$0.00	18,698	$8.00
Class A Common Stock	Employee Stock Option (Right to Buy) Class A Common Stock	Disposition	2010-07-20	2,932	$0.00	2,932	$8.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
73,227	2010-07-27	No	4	M	Direct
54,529	2010-07-27	No	4	M	Direct
51,597	2010-07-27	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	3,238,477	Direct
Class A Common Stock	100,000	Indirect	Fn
Class A Common Stock	25,121	Indirect	401(k)
Class B Common Stock	2,350,000	Direct

Footnotes

Represents the exercise of an option to purchase shares of the issuer's Class A common stock in the amount of 36,773, plus (i) 109,560 shares owned by David Parker, and (ii) 16,893 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.
Shares owned by Mr. Parker.
Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship.
Shares are owned by the Parker Family Limited Partnership, of which Mr. and Mrs. Parker are the general partners.
The number of shares beneficially owned following the reported transaction is equal to Mr. Parker'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 110,000 shares of the issuer's Class A common stock, which vested 36,666, 36,666, and 36,668 on 07/27/01, 07/27/02, and 07/27/03, respectively. The amount reported in Column 9 of Table II reflects the remaining portion of this grant. Upon exercise, the derivative security converts on a one-for-one basis into the issuer's Class A common stock.