COPART INC — Director's Dealing 2008

Jan 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2008-01-15

Reporting Person: Vannuccini Robert H. (Senior Vice President, Marketi)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-31	Common Stock	A	234	$26.1545	Acquired	6679	Direct
2008-01-15	Common Stock	M	1688	$13.0417	Acquired	0	Direct
2008-01-15	Common Stock	S	1088	$40.07	Disposed	0	Direct
2008-01-15	Common Stock	S	200	$40.08	Disposed	0	Direct
2008-01-15	Common Stock	S	200	$40.09	Disposed	0	Direct
2008-01-15	Common Stock	S	200	$40.10	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-15	Employee Stock Option (right to buy)	$13.0417	M	1688	Acquired	2011-03-15	Common Stock (1688)	Direct

Footnotes

F1: Reflects Employee Stock Purchase Plan allocations that have occurred since the date of the reporting person's last ownership report.

F2: The transactions reported on this Form 4 consist of the exercise of employee stock options to purchase 1,688 shares of Common Stock and the sale of all of the shares of Common Stock the reporting person purchased throught the exercises of such stock options. These shares that were issued upon the exercise of options (described in Table II) were immediately used to cover sales (described in Table I).

F3: The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 month vesting term. The option grant date was 3/15/2001.