COPART INC — Director's Dealing 2013

Jan 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2013-01-11

Reporting Person: Burgener Matthew M. (SVP Marketing)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-11	Stock Option (right to buy)	$24.09	A	100000	Acquired	2022-01-12	Common Stock (100000)	Direct

Footnotes

F1: On January 13, 2012, the reporting person was granted a performance-based option to purchase 100,000 shares of common stock. On January 11, 2013 the Compensation Committee of the issuer approved the following time-based vesting: Twenty percent (20%) of the shares subject to each option will vest on January 13, 2013 and 1/60th of the shares subject to each option will vest cumulatively each month thereafter, such that 100% of the shares subject to the option will be vested five (5) years from the vesting commencement date.

F2: Represents what was originally an option to purchase 50,000 shares of common stock at an exercise price of $48.18 per share, but has been adjusted to reflect the stock dividend declared by the issuer on March 8, 2012.