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Filing Details

Accession Number:: 0001179110-12-009435
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-06-01 17:40:33
Reporting Period:: 2012-05-31

Filing Date:: 2012-06-01
Accepted Time:: 2012-06-01 17:40:33
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
1408099	H. Robert Vannuccini	4665 Business Center Dr. Fairfield CA 94534	Senior Vice President, Sales	No	Yes	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	2012-05-31	20,000	$9.00	24,724	No	4	M	Direct
Common Stock	Acquisiton	2012-05-31	40,000	$12.02	64,724	No	4	M	Direct
Common Stock	Disposition	2012-05-31	63,568	$27.22	1,156	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	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	Employee Stock Option (right to buy)	Disposition	2012-05-31	20,000	$0.00	20,000	$9.00
Common Stock	Employee Stock Option (right to buy)	Disposition	2012-05-31	40,000	$0.00	40,000	$12.02

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2014-01-22	No	4	M	Direct
0		2015-10-04	No	4	M	Direct

Footnotes

The transaction on this Form 4 consists of the exercise of a stock option to purchase 30,000 shares of Common Stock granted under the 2001 Stock Option Plan (as adjusted to 60,000 shares of Common Stock in respect of the stock divident described in footnote 3) 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).
On January 10, 2012, Copart, Inc., a Delaware corporation, became the successor of Copart, Inc., a California corporation, pursuant to a merger. The merger had the effect of changing Copart, Inc.'s domicile, but did not alter the proportionate interests of security holders
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, the reporting person received 2,342 shares of Copart common stock as of March 23, 2012. At the same time,pursuant to anti-dilution provisions of Copart's equity incentive plan (a) an option for 10,000 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 20,000 shares of common stock, (b) 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 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was January 22, 2004, and it became fully exercisable on January 22, 2009.
The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was October 4, 2005, and it became fully exercisable on October 4, 2010.
The price shown in Column 4 is a weighted average sale price. The price range for the sales is $27.00 to $27.45. 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.
Includes 1,156 shares of Common Stock acquired under the Company's 1994 Employee Stock Purchase Plan on December 21, 2010 (216 shares), June 30, 2011 (188 shares) and December 30, 2011 (174 shares). As a result of the stock dividend described in footnote 3, the reporting person received 578 shares of Coaprt common stock as of March 23, 2012.