COPART INC — Director's Dealing 2011

Mar 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2011-03-10

Reporting Person: BAUER DAVID L (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-10	Common Stock	M	34167	$10.99	Acquired	34167	Direct
2011-03-10	Common Stock	F	20859	$40.78	Disposed	13308	Direct
2011-03-10	Common Stock	M	50000	$8.80	Acquired	63308	Direct
2011-03-10	Common Stock	F	29094	$40.78	Disposed	34214	Direct
2011-03-10	Common Stock	M	50000	$18.00	Acquired	84214	Direct
2011-03-10	Common Stock	F	35108	$40.78	Disposed	49106	Direct
2011-03-10	Common Stock	M	40000	$24.03	Acquired	89106	Direct
2011-03-10	Common Stock	F	31240	$40.78	Disposed	57866	Direct
2011-03-10	Common Stock	M	30679	$34.39	Acquired	88545	Direct
2011-03-10	Common Stock	F	28116	$40.78	Disposed	60429	Direct
2011-03-10	Common Stock	M	13533	$32.86	Acquired	73962	Direct
2011-03-10	Common Stock	F	12132	$40.78	Disposed	61830	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-10	Employee Stock Option (Right to Buy)	$10.99	M	34167	Disposed	2012-10-21	Common Stock (34167)	Direct
2011-03-10	Employee Stock Option (Right to Buy)	$8.80	M	50000	Disposed	2013-08-19	Common Stock (50000)	Direct
2011-03-10	Employee Stock Option (Right to Buy)	$18.00	M	50000	Disposed	2014-01-22	Common Stock (50000)	Direct
2011-03-10	Employee Stock Option (Right to Buy)	$24.03	M	40000	Disposed	2015-10-04	Common Stock (40000)	Direct
2011-03-10	Employee Stock Option (Right to Buy)	$34.39	M	30679	Disposed	2017-09-28	Common Stock (30679)	Direct
2011-03-10	Employee Stock Option (Right to Buy)	$32.86	M	13533	Disposed	2019-09-28	Common Stock (13533)	Direct

Footnotes

F1: Shares withheld by the issuer in payment of the aggregate option exercise price and withholding tax liability incurred upon the reported option exercise.

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 October 21, 2002, and it became fully exercisable on October 21, 2007.

F3: The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was August 19, 2003, and it became fully exercisable on August 19, 2008.

F4: The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was January 22, 2004, and it became fully exercisable on January 22, 2009.

F5: The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was October 4, 2005, and it became fully exercisable on October 4, 2010.

F6: The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was September 28, 2007. 30,679 shares were vested on March 10, 2011.

F7: The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was September 28, 2009. 13,533 shares were vested on March 10, 2011.