COPART INC — Director's Dealing 2019

Jun 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2019-05-30

Reporting Person: FRANKLIN WILLIAM E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-30	Common Stock	M	50000	$8.555	Acquired	67967	Direct
2019-05-30	Common Stock	M	50000	$18.055	Acquired	117967	Direct
2019-05-30	Common Stock	S	100000	$71.37	Disposed	17967	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-30	Employee Stock Option (right to buy)	$8.555	M	50000	Disposed	2020-10-15	Common Stock (50000.0)	Direct
2019-05-30	Employee Stock Option (right to buy)	$18.055	M	50000	Disposed	2024-01-14	Common Stock (50000.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.30 to $71.65, 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.

F2: 2007 Equity Incentive Plan. Twenty percent (20%) of the options vested on the first anniversary of the date of grant and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.

F3: 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.