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COPART INC Director's Dealing 2008

Jun 17, 2008

30053_dirs_2008-06-16_7bd5b657-5e0d-42eb-a686-7020104b9b0e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2008-06-12

Reporting Person: JOHNSON WILLIS J (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-06-12 Common Stock D 600000 $47.55 Disposed 7082442 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2231680 Indirect
Common Stock 646740 Indirect
Common Stock 1147410 Indirect
Common Stock 4632 Direct

Footnotes

F1: In May 2008, the reporting person transferred 600,000 shares held directly by the reporting person to the Willis J. Johnson and Reba J. Johnson Revocable Trust DTD 1/16/1997 without consideration. These shares were previously reported as directly owned. Such transaction only effected a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in such securities and was exempt from Section 16 of the Act pursuant to Rule 16a-13.

F2: Reflects shares held by the Willis J. Johnson and Reba J. Johnson Revocable Trust DTD 1/16/1997, of which the reporting person and the reporting person's spouse are trustees.

F3: Reflects shares held by the Reba Family Limited Partnership II, of which the reporting person and the reporting person's spouse are the general partners.

F4: Reflects shares held by the Lequeita Family Limited Partnership II, of which the reporting person and the reporting person's spouse are the general partners.

F5: Reflects shares held by the Willis Johnson and Joyce Johnson Family Limited Partnership, of which the reporting person and the reporting person's spouse are the general partners.