COPART INC — Director's Dealing 2018

Jan 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2018-01-02

Reporting Person: Englander Daniel J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-02	Common Stock	M	80000	$6.5375	Acquired	552340	Direct
2018-01-02	Common Stock	F	11996	$43.595	Disposed	540344	Direct
2018-01-03	Common Stock	S	68004	$43.3826	Disposed	472340	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-02	Stock Option	$6.5375	M	80000	Disposed	2018-12-11	Common Stock (80000.0)	Direct

Footnotes

F1: Reflects 399,800 shares held by Ursula Capital Partners, for which the reporting person is the sole general partner, 4,900 shares held by trusts for the benefit of members of Mr. Englander's immediate family and 67,640 shares held directly by Mr. Englander. Mr. Englander disclaims beneficial ownership of the shares held by Ursula Capital Partners except to the extent of his pecuniary interest therein.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.23 to $43.59, 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 40,000 shares of common stock at an exercise price of $13.08 per share, but was adjusted to reflect the stock dividend declared by Copart on April 3, 2017.

F4: 2007 Equity Incentive Plan. One half of the options vested on the first anniversary of the date of grant and the balance vested on a monthly basis over the 12 months succeeding such first anniversary.