COPART INC — Director's Dealing 2010

Jun 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2010-06-10

Reporting Person: JOHNSON WILLIS J (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-10	Common Stock	M	150000	$16.93	Acquired	154632	Direct
2010-06-10	Common Stock	M	100000	$10.99	Acquired	254632	Direct
2010-06-10	Common Stock	M	100000	$8.8	Acquired	354632	Direct
2010-06-10	Common Stock	F	228749	$36.76	Disposed	125883	Direct
2010-06-10	Common Stock	D	121251	$36.76	Disposed	4632	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-10	Employee Stock Option (Right to Buy)	$16.93	M	150000	Disposed	2011-06-06	Common Stock (150000)	Direct
2010-06-10	Employee Stock Option (Right to Buy)	$10.99	M	100000	Disposed	2012-10-21	Common Stock (100000)	Direct
2010-06-10	Employee Stock Option (Right to Buy)	$8.80	M	100000	Disposed	2013-08-19	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5082981	Indirect
Common Stock	553438	Indirect
Common Stock	2041540	Indirect
Common Stock	1147410	Indirect

Footnotes

F1: 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.

F2: 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.

F3: Reflects a distribution from 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 Willis Johnson and Joyce Johnson Family Limited Partnership, of which the reporting person and the reporting person's spouse are the general partners.

F5: The shares subject to each of the options vested 20% on the one-year anniversary of the grant date and 1.67% each month thereafter, subject to Mr. Johnson's continued service to the Company on each such vesting date. The grant date for each of the options was 10 years prior to the expiration date.