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Filing Details

Accession Number:: 0001179110-12-009546
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-06-04 18:24:33
Reporting Period:: 2012-05-31

Filing Date:: 2012-06-04
Accepted Time:: 2012-06-04 18:24:33
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
1239689	W Vincent Mitz	C/O Copart, Inc. 4665 Business Center Dr Fairfield CA 94534	President	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	18,334	$5.50	19,026	No	4	M	Direct
Common Stock	Acquisiton	2012-05-31	35,000	$4.40	54,026	No	4	M	Direct
Common Stock	Acquisiton	2012-05-31	100,000	$9.00	154,026	No	4	M	Direct
Common Stock	Acquisiton	2012-05-31	80,000	$12.02	234,026	No	4	M	Direct
Common Stock	Disposition	2012-05-31	233,334	$27.16	692	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	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	18,334	$0.00	18,334	$5.50
Common Stock	Employee Stock Option (right to buy)	Disposition	2012-05-31	35,000	$0.00	35,000	$4.40
Common Stock	Employee Stock Option (right to buy)	Disposition	2012-05-31	100,000	$0.00	100,000	$9.00
Common Stock	Employee Stock Option (right to buy)	Disposition	2012-05-31	80,000	$0.00	80,000	$12.02

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2012-10-21	No	4	M	Direct
2013-08-19	No	4	M	Direct
2014-01-22	No	4	M	Direct
2015-10-04	No	4	M	Direct

Footnotes

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 August 19, 2003, and it became fully exercisable on August 19, 2008.
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 option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was October 21, 2002, and it became fully exercisable on October 21, 2007.
This option was previously reported as an option for 50,000 shares of common stock at an exercise price of $10.99 per share of which 9,167 shares of Common Stock remained exercisable, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
This option was previously reported as an option for 50,000 shares of common stock at an exercise price of $8.80 per share of which 17,500 shares of Common Stock remained exercisable, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
This option was previously reported as an option for 50,000 shares of common stock at an exercise price of $18.00 per share of which 50,000 shares of Common Stock remained exercisable, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
This option was previously reported as an option for 40,000 shares of common stock at an exercise price of $24.03 per share of which 40,000 shares of Common Stock remained exercisable, 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, the reporting person received 3 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 50,000 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 100,000 shares of common stock, (b) an option for 17,500 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 35,000 shares of common stock, (c) an option for 40,000 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 80,000 shares of common stock and (d) an option for 9,167 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 18,334 shares of common stock.
The price shown in Column 4 is a weighted average sale price. The price range for the sales is $27.00 to $27.44. 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.
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
Includes 686 shares of Common Stock acquired under the Company's 1994 Employee Stock Purchase Plan on June 30, 2010 (343 shares). As a result of the stock dividend described in footnote 3, the reporting person received 343 shares of Coaprt common stock as of March 23, 2012.