X0303 4 2009-03-31 0 0000928658 COVENANT TRANSPORTATION GROUP INC CVTI 0001220829 PARKER DAVID RAY 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 1 1 1 0 CHAIRMAN, PRESIDENT AND CEO 0001271324 PARKER JACQUELINE F 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 0 0 1 0 Class A Common Stock 2009-03-31 4 A 0 0 0 A 0 D Class A Common Stock 76750 D Class A Common Stock 3238477 D Class A Common Stock 100000 I Fn Class A Common Stock 23661 I 401(k) Class B Common Stock 2350000 D Represents a restricted stock award under the 2006 Omnibus Incentive Plan, as such plan may be amended from time to time. The shares subject to the award vest in one-third increments when and to the extent the issuer's Class A common stock trades at or above $4.00, $6.00, and $8.00 for thirty consecutive trading days during the period beginning January 1, 2010, and ending December 31, 2011, subject to continued employment and the specific terms of the award notice. The reporting person acquired an amount equal to approximately $50,873, to be converted to shares 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 first quarter 2009 earnings. Aggregate amount of securities beneficially owned following the reported transaction does not include the amount of securities that will be acquired upon the conversion to shares of approximately $50,873, based upon the closing price of the issuer's Class A common stock two full trading days following the public release of the Company's first quarter 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, and includes 77,815 shares of Class A Common Stock being held in a grantor retained annuity trust for the benefit of Mr. Parker over which Mrs. Parker serves as trustee with voting control. 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 March 23, 2009, balance in the employer stock fund under the issuer's 401(k) Plan divided by the closing price on March 23, 2009. The fund is unitized and as such does not itself allocate a specific number of shares to each participant. Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship. /s/ David Ray Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2009-04-02 /s/ Jacqueline F. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2009-04-02