COPART INC — Director's Dealing 2010

Mar 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2010-03-09

Reporting Person: ADAIR A JAYSON (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-09	Common Stock	M	13965	$11.1253	Acquired	545182	Direct
2010-03-09	Common Stock	S	199	$35.02	Disposed	544983	Direct
2010-03-09	Common Stock	S	300	$35.03	Disposed	544683	Direct
2010-03-09	Common Stock	S	392	$35.04	Disposed	544291	Direct
2010-03-09	Common Stock	S	165	$35.05	Disposed	544126	Direct
2010-03-09	Common Stock	S	809	$35.06	Disposed	543317	Direct
2010-03-09	Common Stock	S	400	$35.07	Disposed	542917	Direct
2010-03-09	Common Stock	S	200	$35.08	Disposed	542717	Direct
2010-03-09	Common Stock	S	700	$35.09	Disposed	542017	Direct
2010-03-09	Common Stock	S	447	$35.10	Disposed	541570	Direct
2010-03-09	Common Stock	S	53	$35.11	Disposed	541517	Direct
2010-03-09	Common Stock	S	600	$35.12	Disposed	540917	Direct
2010-03-09	Common Stock	S	100	$35.13	Disposed	540817	Direct
2010-03-09	Common Stock	S	500	$35.14	Disposed	540317	Direct
2010-03-09	Common Stock	S	500	$35.15	Disposed	539817	Direct
2010-03-09	Common Stock	S	400	$35.16	Disposed	539417	Direct
2010-03-09	Common Stock	S	2675	$35.17	Disposed	536742	Direct
2010-03-09	Common Stock	S	100	$35.18	Disposed	536642	Direct
2010-03-09	Common Stock	S	508	$35.19	Disposed	536134	Direct
2010-03-09	Common Stock	S	617	$35.20	Disposed	535517	Direct
2010-03-09	Common Stock	S	1700	$35.21	Disposed	533817	Direct
2010-03-09	Common Stock	S	600	$35.22	Disposed	533217	Direct
2010-03-09	Common Stock	S	100	$35.23	Disposed	533117	Direct
2010-03-09	Common Stock	S	1200	$35.28	Disposed	531917	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-09	Employee Stock Option (right to buy)	$11.1253	M	13965	Disposed	2010-03-15	Common Stock (13965)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	186819	Indirect
Common Stock	6174	Indirect
Common Stock	6174	Indirect

Footnotes

F1: The transaction on this Form 4 consists of the exercise of a stock option to purchase 13,965 shares of Common Stock granted under the 1992 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.

F2: The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was March 15, 2000, and it became fully exercisable on March 15, 2005.

F3: Reflects shares held by A. Jayson Adair and Tammi L. Adair Revocable Trust, of which the reporting person and the reporting person's spouse are trustees.

F4: Reflects shares held by an irrevocable trust for the benefit of a member of the reporting person's immediate family.