Home > Insider Trading > Filing (0001140361-10-030092)

Filing Details

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

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2010-07-21	20,162	$8.00	146,615	No	4	M	Direct
Class A Common Stock	Disposition	2010-07-21	20,162	$8.38	126,453	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-07-21	3,693	$8.00	130,146	No	4	M	Direct
Class A Common Stock	Disposition	2010-07-21	3,693	$8.30	126,453	No	4	S	Direct
Class A Common Stock	Acquisiton	2010-07-22	27,742	$8.00	154,195	No	4	M	Direct
Class A Common Stock	Disposition	2010-07-22	27,742	$8.34	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

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	2010-07-21	20,162	$0.00	20,162	$8.00
Class A Common Stock	Employee Stock Option (Right to Buy) Class A Common Stock	Disposition	2010-07-21	3,693	$0.00	3,693	$8.00
Class A Common Stock	Employee Stock Option (Right to Buy) Class A Common Stock	Disposition	2010-07-22	27,742	$0.00	27,742	$8.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
31,435	2010-07-27	No	4	M	Direct
27,742	2010-07-27	No	4	M	Direct
0	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

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 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 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. Upon exercise, the derivative security converts on a one-for-one basis into the issuer's Class A common stock.