COVENANT TRANSPORTATION GROUP INC 4
4 · COVENANT TRANSPORTATION GROUP INC · Filed Mar 2, 2016
Insider Transaction Report
Form 4
CRIBBS RICHARD B
SENIOR VP AND CFO
Transactions
- Sale
Class A Common Stock
2016-02-29$21.94/sh−2,500$54,861→ 55,321 total - Exercise/Conversion
Employee Stock Option (Right-to-Buy)
2016-02-29−2,500→ 0 totalExercise: $12.79From: 2009-05-23Exp: 2016-05-23→ Class A Common Stock (2,500 underlying) - Exercise/Conversion
Class A Common Stock
2016-02-29$12.79/sh+2,500$31,975→ 57,821 total - Tax Payment
Class A Common Stock
2016-02-29$22.16/sh−1,494$33,107→ 53,827 total
Holdings
- 7,878(indirect: By 401(k))
Class A Common Stock
Footnotes (4)
- [F1]Exercise and sale pursuant to broker-assisted cashless exercise.
- [F2]Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the reporting person.
- [F3]The number of shares beneficially owned is equal to the reporting person's February 29, 2016, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 29, 2016. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
- [F4]The option to purchase 2,500 shares of Class A common stock was exercisable between May 23, 2007 and May 23, 2009, at the rate of one-third per year.