X0303 4 2009-03-31 0 0000928658 COVENANT TRANSPORTATION GROUP INC CVTI 0001181041 HOGAN JOEY B 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 0 1 0 0 SR EX VP & COO/PRES OF SUB. Class A Common Stock 2009-03-31 4 A 0 0 0 A 0 D Class A Common Stock 56333 D Class A Common Stock 37577 I 401(k) Class A Common Stock 3400 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 $26,125, 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 $26,125, 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. The number of shares beneficially owned following the reported transaction is equal to the reporting person's March 23, 2009 account balance in the employer stock fund under the issuer's 401(k) plan divided by the closing price on March 23, 2009. The plan is unitized and as such does not itself allocate a specific number of shares to each participant. Shares are owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants. /s/ Joey B. Hogan, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2009-04-02