COPART INC — Director's Dealing 2013

Dec 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2013-12-16

Reporting Person: ADAIR A JAYSON (Director, President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-16	Stock Option	$35.62	A	2000000	Acquired	2023-04-15	Common Stock (2000000)	Direct

Footnotes

F1: Pursuant to the terms of the Stand Alone Stock Option Agreement in the form set forth as Exhibit B to Form DEF14 filed with the SEC on November 15, 2013.

F2: 20% of the options will vest on April 15, 2015, 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 15, 2019, 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.