CARMAX INC — Director's Dealing 2012

Nov 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2012-11-09

Reporting Person: STEWART BETH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-09	Common Stock	S	3000	$34.12	Disposed	18708	Direct
2012-11-13	Common Stock	M	6804	$17.44	Acquired	25512	Direct
2012-11-13	Common Stock	M	7598	$13.19	Acquired	33110	Direct
2012-11-13	Common Stock	S	14402	$33.80	Disposed	18708	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-13	Stock Options (Right to Buy)	$17.44	M	6804	Disposed	2013-06-21	Common Stock (6804)	Direct
2012-11-13	Stock Options (Right to Buy)	$13.19	M	7598	Disposed	2013-06-25	Common Stock (7598)	Direct

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from $34.11 to $34.14. 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 3,402 shares at an exercise price of $34.88 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 3,799 shares at an exercise price of $26.38 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.