X0306 4 2014-12-31 0 0000928658 COVENANT TRANSPORTATION GROUP INC CVTI 0001551845 Scholl Clay 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 0 1 0 0 VP of Subsidiary Class A Common Stock 2014-12-31 4 F 0 824 27.11 D 35425 D Class A Common Stock 8173 I 401(k) 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. /s/ Clay Scholl, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2014-12-31