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Filing Details

Accession Number:: 0001179110-13-004456
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-03-07 10:25:47
Reporting Period:: 2013-03-05

Filing Date:: 2013-03-07
Accepted Time:: 2013-03-07 10:25:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
900075	Copart Inc	CPRT	Retail-Auto Dealers & Gasoline Stations (5500)	942867490

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1284107	D Steven Cohan	C/O Copart, Inc.14185 Dallas Parkway Suite 300 Dallas TX 75254		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-03-05	20,000	$9.56	20,006	No	4	M	Direct
Common Stock	Acquisiton	2013-03-05	40,000	$12.02	60,006	No	4	M	Direct
Common Stock	Acquisiton	2013-03-05	19,612	$14.86	79,618	No	4	M	Direct
Common Stock	Disposition	2013-03-05	79,612	$33.47	6	No	4	S	Direct
Common Stock	Acquisiton	2013-03-06	20,388	$14.86	20,394	No	4	M	Direct
Common Stock	Disposition	2013-03-06	20,388	$33.50	6	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2013-03-05	20,000	$0.00	20,000	$9.56
Common Stock	Stock Option (right to buy)	Disposition	2013-03-05	40,000	$0.00	40,000	$12.02
Common Stock	Stock Option (right to buy)	Disposition	2013-03-05	19,612	$0.00	19,612	$14.86
Common Stock	Stock Option (right to buy)	Disposition	2013-03-06	20,388	$0.00	20,388	$14.86

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2014-10-01	No	4	M	Direct
0	2015-10-04	No	4	M	Direct
20,388	2016-12-18	No	4	M	Direct
0	2016-12-18	No	4	M	Direct

Footnotes

The transactions on this Form 4 consists of the exercise of a stock option to purchase 100,000 shares of Common Stock granted under the 2001 Stock Option Plan and the sale of 100,000 shares of Common Stock the reporting person purchased through the exercise of such stock option. The shares that were issued upon the exercise of an option (described in Table II) were immediately used to cover sales (described in Table I).
The option vested 50% after the first year, and thereafter monthly, over the remaining 12 months vesting term. The option grant date was 10/1/2004, and expiration date 10/1/2014.
On March 8, 2012, Copart declared a stock dividend, payable to all holders of record of common stock on March 23, 2012, of one share of common stock for each share of common stock outstanding. At the same time,pursuant to anti-dilution provisions of Copart's equity incentive plan an option for 20,000 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 40,000 shares of common stock,
The option vested 50% after the first year, and thereafter monthly, over the remaining 12 months vesting term. The option grant date was 10/4/2005, and expiration date 10/4/2015.
The option vested 50% after the first year, and thereafter monthly, over the remaining 12 months vesting term. The option grant date was 12/18/2006, and expiration date 12/18/2016.
This option was previously reported as an option for 20,000 shares of common stock at an exercise price of $19.12 per share, of which 10,000 remained unexercised, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
This option was previously reported as an option for 20,000 shares of common stock at an exercise price of $24.03 per share, of which 20,000 remained unexercised, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
This option was previously reported as an option for 20,000 shares of common stock at an exercise price of $29.71 per share, of which 20,000 remained unexercised, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
The price shown in Column 4 is a weighted average sale price. The price range for the sales is $33.3046 to $33.66. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.