TOWE RICHARD L 4
4 · COVENANT TRANSPORT INC · Filed Sep 9, 2003
Insider Transaction Report
Form 4
TOWE RICHARD L
Sr VP - Driver Services
Transactions
- Exercise/Conversion
Class A Common Stock
2003-09-08$8.00/sh+11,666$93,328→ 11,666 total - Sale
Class A Common Stock
2003-09-08$19.00/sh−5,000$95,001→ 0 total - Exercise/Conversion
Employee Stock Option (Right to Buy) Class A Common Stock
2003-09-08−11,666→ 0 totalExercise: $8.00From: 2003-07-27Exp: 2010-07-27→ Class A Common Stock (11,666 underlying) - Sale
Class A Common Stock
2003-09-08$19.00/sh−6,666$126,654→ 5,000 total
Holdings
- 278(indirect: By 401(k))
Class A Common Stock
Footnotes (1)
- [F1]The number of shares reported beneficially owned at the date of this report is equal to the reporting person's September 8, 2003, account balance, the latest balance available under the plan, in the employer stock fund under the issuer's 401(k) Plan divided by an average of the stock's price at various points throughout the day on September 8, 2003. The fund is unitized and as such does not itself allocate a specific number of shares to each participant.