COPART INC — Director's Dealing 2009

Apr 16, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2009-04-14

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-04-14	Stock Option	$30.21	A	2000000	Acquired	2019-04-14	Common Stock (2000000)	Direct

Footnotes

F1: Pursuant to the terms of the Stand Alone Stock Option Agreement in the form set forth as Exhibit 10.1 to Form 8-K filed with the SEC on April 16, 2009.

F2: 20% of the options will vest on April 14, 2010, the first anniversary of the date of grant, and the balance will vest monthly thereafer such that 100% of the options will be vested on April 14, 2014, subject to the executive's continued service on each such vesting date. Vesting of the options may accelerate upon certain conditions as set forth in the Stand Alone Stock Option Agreement.