CARMAX INC — Director's Dealing 2010

Sep 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2010-09-27

Reporting Person: STEWART BETH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-27	Common Stock	M	8006	$10.745	Acquired	26214	Direct
2010-09-27	Common Stock	M	5750	$14.188	Acquired	31964	Direct
2010-09-27	Common Stock	S	13756	$27.4006	Disposed	18208	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-27	Stock Options (Right to Buy)	$10.745	M	8006	Disposed	2012-07-01	Common Stock (8006)	Direct
2010-09-27	Stock Options (Right to Buy)	$14.188	M	5750	Disposed	2011-06-24	Common Stock (5750)	Direct

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from $27.40 to $27.41. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.

F2: This option was previously reported as covering 4,003 shares at an exercise price of $21.49 per share, but was adjusted to reflect the Issuer's 2-for-1 stock split in the form of a share dividend, which occurred on March 26, 2007.

F3: This option was previously reported as covering 2,875 shares at an exercise price of $28.375 per share, but was adjusted to reflect the Issuer's 2-for-1 stock split in the form of a share dividend, which occurred on March 26, 2007.