BUNN PAUL 4
4 · COVENANT LOGISTICS GROUP, INC. · Filed Apr 8, 2021
Insider Transaction Report
Form 4
BUNN PAUL
Corporate Controller
Transactions
- Award
Employee Stock Option (Right to Buy)
2021-04-06+12,500→ 12,500 totalExercise: $21.24Exp: 2031-04-06→ Class A Common Stock (12,500 underlying) - Award
Class A Common Stock
2021-04-06+16,667→ 69,772 total
Holdings
- 2,515(indirect: By Spouse)
Class A Common Stock
- 20,037(indirect: By 401(k))
Class A Common Stock
Footnotes (3)
- [F1]Represents a restricted stock award under the Third Amended and Restated 2006 Omnibus Incentive Plan. The award is subject to certain vesting, forfeiture, and termination provisions.
- [F2]The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's April 6, 2021 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on April 6, 2021. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
- [F3]Represents an option award under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The option becomes exercisable, if at all, if the average closing price of the issuer's Class A Common Stock exceeds a certain level over any 90 day period before December 31, 2023, but in no event sooner than April 6, 2022.