COPART INC — Director's Dealing 2008

Jun 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: COHAN STEVEN D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-06	Common Stock	M	5000	$16.70	Acquired	6	Direct
2008-06-06	Common Stock	S	321	$47.43	Disposed	6	Direct
2008-06-06	Common Stock	S	200	$47.41	Disposed	6	Direct
2008-06-06	Common Stock	S	800	$47.40	Disposed	6	Direct
2008-06-06	Common Stock	S	600	$47.39	Disposed	6	Direct
2008-06-06	Common Stock	S	1000	$47.37	Disposed	6	Direct
2008-06-06	Common Stock	S	600	$47.36	Disposed	6	Direct
2008-06-06	Common Stock	S	500	$47.35	Disposed	6	Direct
2008-06-06	Common Stock	S	800	$47.34	Disposed	6	Direct
2008-06-06	Common Stock	S	179	$47.33	Disposed	6	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-06	Stock Option (Right to Buy)	$16.70	M	5000	Disposed	2014-02-01	Common Stock (5000)	Direct

Footnotes

F1: The transaction on this Form 4 consists of the exercise of a stock option to purchase 5,000 shares of Common Stock granted under the 2001 Stock Option Plan 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).

F2: The option vested 50% after the first year, and thereafter monthly, over the remaining 12 months vesting term. The option grant date was 2/1/2004, and expiration date 2/1/2014.