COPART INC — Director's Dealing 2012

Apr 11, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2012-04-06

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
2012-04-06	Common Stock	J	825746	—	Disposed	0	Indirect
2012-04-06	Common Stock	J	2496	—	Acquired	10168538	Indirect
2012-04-06	Common Stock	J	393546	—	Disposed	3689534	Indirect
2012-04-06	Common Stock	J	2294820	—	Disposed	0	Indirect
2012-04-06	Common Stock	J	868354	—	Acquired	11036892	Indirect

Footnotes

F1: Reflects a distribution from the Lequeita Family Limited Partnership II, of which the reporting person and the reporting person's spouse are the general partners, including the distribution of 2,496 shares to 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 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.

F4: 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.

F5: Reflects shares held by the Reba Family Limited Partnership II, of which the reporting person and the reporting person's spouse are the general partners.

F6: Reflects a distribution from the Willis Johnson and Joyce Johnson Family Limited Partnership, of which the reporting person and the reporting person's spouse are the general partners, including the distribution of 868,354 shares to 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.

F7: 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.

F8: On March 8, 2012, the board of directors of Copart, Inc. declared a stock dividend, payable to all holders of record of common stock on March 23, 2012, of one share of common stock for each share of common stock outstanding. As a result, the reporting person received 412,864 shares of common stock in respect of the Lequeita Family Limited Partnership II, 5,083,021 shares of common stock in respect of the Willis J. Johnson and Reba J. Johnson Revocable Trust DTD 1/16/1997, 1,147,410 shares of common stock in respect of the Willis Johnson and Joyce Johnson Family Limited Partnership, and 2,041,540 shares of common stock in respect of the Reba Family Limited Partnership II.