X0306 4 2018-03-15 0 0000928658 COVENANT TRANSPORTATION GROUP INC CVTI 0001220829 PARKER DAVID RAY 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 1 1 1 0 CHAIRMAN AND CEO 0001271324 PARKER JACQUELINE F 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 0 0 1 0 Class A Common Stock 2018-03-15 4 S 0 51652 30.0039 D 2845938 D Class A Common Stock 104166 D Class A Common Stock 26349 I 401(k) Class B Common Stock 2350000 D The shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan by the reporting persons. The price reflects a weighted average sale price for multiple transactions ranging from $30.00 to $30.20, inclusive. The reporting persons undertake to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each separate price. Shares owned jointly by Mr. Parker and his wife, Jacqueline F. Parker, as joint tenants with rights of survivorship. The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's March 15, 2018, account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on March 15, 2018. The plan is unitized and as such does not itself allocate a specific number of shares to each participant. /s/ David R. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2018-03-19 /s/ Jacqueline F. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2018-03-19