X0306 4 2016-02-29 0 0000928658 COVENANT TRANSPORTATION GROUP INC CVTI 0001363556 CRIBBS RICHARD B 400 BIRMINGHAM HIGHWAY CHATTTANOOGA TN 37419 0 1 0 0 EVP AND CFO Class A Common Stock 2016-02-29 4 M 0 2500 12.79 A 57821 D Class A Common Stock 2016-02-29 4 S 0 2500 21.9443 D 55321 D Class A Common Stock 2016-02-29 4 F 0 1494 22.16 D 53827 D Class A Common Stock 7878 I 401(k) Employee Stock Option (Right-to-Buy) 12.79 2016-02-29 4 M 0 2500 0 D 2009-05-23 2016-05-23 Class A Common Stock 2500 0 D Exercise and sale pursuant to broker-assisted cashless exercise. 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 is equal to the reporting person's February 29, 2016, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 29, 2016. The plan is unitized and as such does not itself allocate a specific number of shares to each participant. The option to purchase 2,500 shares of Class A common stock was exercisable between May 23, 2007 and May 23, 2009, at the rate of one-third per year. /s/ Richard B. Cribbs, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC. 2016-03-02