Home > Insider Trading > Filing (0001179110-12-006104)

Filing Details

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
1453131	Matt Blunt	C/O Copart, Inc. 4665 Business Center Drive Fairfield CA 94534		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2012-03-29	11,414	$16.56	11,414	No	4	M	Direct
Common Stock	Disposition	2012-03-29	5,707	$26.00	5,707	No	4	S	Direct
Common Stock	Disposition	2012-03-29	5,707	$26.01	0	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2012-03-29	11,414	$0.00	11,414	$16.56

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,000		2020-12-02	No	4	M	Direct

Footnotes

The option vested 50% after the first year, and thereafter monthly, over the remaining 12 months vesting term. The option grant date was 12/02/2010, and expiration date 12/02/2020.
This option was previously reported as an option for 20,000 shares of common stock at an exercise price of $33.12 per share, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
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. As a result pursuant to anti-dilution provisions of the Company's equity incentive plan, both options 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 transaction on this Form 4 consists of the exercise of 5,707 shares of Common Stock pursuant to a stock option to purchase 20,000 shares of Common Stock granted under the 2007 Equity Incentive Plan (as adjusted to 11,414 shares of Common Stock and 40,000 shares of Common Stock respectively, in respect of the stock divident described in footnote 6) and the sale of all of the shares of Common Stock the reporting person purchased through the exercise of such stock option. These shares that were issued upon the exercise of an option (described in Table II) were immediately used to cover sales (described in Table I).