COPART INC — Director's Dealing 2020

Jan 6, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2020-01-02

Reporting Person: Englander Daniel J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-02	Common Stock	M	80000	$8.28	Acquired	555128	Direct
2020-01-02	Common Stock	S	80000	$91.8222	Disposed	475128	Direct
2020-01-02	Common Stock	S	130000	$92.1234	Disposed	345128	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-02	Stock Option	$8.28	M	80000	Acquired	2020-12-02	Common Stock (80000.0)	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 $91.60 to 92.09, 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: Includes 269,800 shares held by Ursula Capital Partners, for which Mr. Englander is the sole general partner, 4,900 shares held by trusts for the benefit of Mr. Englander's immediate family, and 70,428 shares held directly by Mr. Englander.

F3: This option was previously reported as an option for 40,000 shares of common stock at an exercise price of $16.56 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.