X0306 4 2014-12-31 0 0000928658 COVENANT TRANSPORTATION GROUP INC CVTI 0001181042 LOVIN RALPH H JR 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 0 1 0 0 Executive VP and Secretary Class A Common Stock 2014-12-31 4 F 0 2251 27.11 D 82838 D Class A Common Stock 12882 I 401(k) Class A Common Stock 3025 I By grandchildren under custody agreement Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the reporting person. The number of shares beneficially owned following the reported transaction is equal to the reporting person's December 29, 2014, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on December 29, 2014. The plan is unitized and as such does not itself allocate a specific number of shares to each participant. The shares are held as custodian for minor grandchildren. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. /s/ Ralph H. Lovin, Jr., by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2014-12-31