COPART INC — Director's Dealing 2018

Jun 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2018-06-18

Reporting Person: Liaw Jeffrey (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-18	Common Stock	M	30000	$18.835	Acquired	31346	Direct
2018-06-18	Common Stock	S	30000	$58.408	Disposed	1346	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-18	Stock Option	$18.835	M	30000	Disposed	2026-01-04	Common Stock (30000.0)	Direct

Footnotes

F1: Includes 392 shares of Common Stock acquired under the Company's 1994 Employee Stock Purchase Plan on December 31, 2017.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.33 to $58.59, inclusive. The reporting person undertakes to provide to Copart, Inc., any security holder of Copart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.

F3: This option was previously reported as an option for 50,000 shares of common stock at an exercise price of $37.67 per share, but was adjusted to reflect the stock dividend declared by Copart on April 3, 2017.

F4: 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary.