COPART INC — Director's Dealing 2020

Jun 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2020-06-25

Reporting Person: Liaw Jeffrey (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-25	Common Stock	M	58334	$18.835	Acquired	58334	Direct
2020-06-25	Common Stock	M	36000	$27.10	Acquired	94334	Direct
2020-06-25	Common Stock	S	94334	$81.327	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-25	Stock Option	$18.835	M	58334	Disposed	2026-01-04	Common Stock (58334.0)	Direct
2020-06-25	Employee Stock Option (right to buy)	$27.1	M	36000	Disposed	2026-10-10	Common Stock (36000.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$58.27	2029-03-07	Common Stock (150000.0)	150000	Direct
Employee Stock Option (right to buy)	$34.78	2027-10-04	Common Stock (100000.0)	100000	Direct
Restricted Stock Units	$		Common Stock (36864.0)	36864	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 $80.7090 to $81.55, 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 vests on a monthly basis over the 48 months succeeding such first anniversary.

F3: Each restricted stock unit represents the contingent right to receive one share of Copart, Inc. common stock upon vesting of the unit.

F4: 2007 Equity Incentive Plan. Twenty-five percent (25%) of the restricted stock units vest on the first anniversary of the September 6, 2019 grant date, and the balance vests monthly over the 36 months succeeding such first anniversary.