Filing Details

Accession Number:
0001179110-12-006105
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2012-04-02 18:35:36
Reporting Period:
2012-03-27
Filing Date:
2012-04-02
Accepted Time:
2012-04-02 17:35:36
Original Submission Date:
2012-03-29
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
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 Explanation
Common Stock Acquisiton 2012-03-27 40,000 $17.62 40,000 No 4 M Direct
Common Stock Disposition 2012-03-27 2,234 $26.58 37,766 No 4 S Direct
Common Stock Disposition 2012-03-27 5,202 $26.60 32,564 No 4 S Direct
Common Stock Disposition 2012-03-28 15,300 $26.41 17,264 No 4 S Direct
Common Stock Disposition 2012-03-28 200 $26.58 17,064 No 4 S Direct
Common Stock Disposition 2012-03-28 17,064 $26.41 0 No 4 S Direct
Common Stock Acquisiton 2012-03-28 8,586 $16.56 8,586 No 4 M Direct
Common Stock Disposition 2012-03-28 8,586 $26.41 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M 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 2012-03-27 40,000 $0.00 40,000 $17.62
Common Stock Stock Option (right to buy) Disposition 2012-03-28 8,586 $0.00 8,586 $16.56
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2019-12-03 No 4 M Direct
31,414 2020-12-02 No 4 M Direct
Footnotes
  1. The transaction on this Form 4 consists of the exercise of a stock option to purchase 20,000 shares of Common Stock granted under the 2007 Equity Incentive Plan (as adjusted to 40,000 shares of Common Stock 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).
  2. The option vested 50% after the first year, and thereafter monthly, over the remaining 12 months vesting term. The option grant date was 12/03/2009, and expiration date 12/03/2019.
  3. 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
  4. The transaction on this Form 4 consists of the exercise of 4,293 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 8,586 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).
  5. 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.
  6. 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.
  7. This option was previously reported as an option for 20,000 shares of common stock at an exercise price of $35.24 per share, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
  8. 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.