CORVEL CORP — Director's Dealing 2010

Nov 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2010-11-10

Reporting Person: McCloud Scott R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-10	Common Stock	M	338	$13.16	Acquired	5776	Direct
2010-11-10	Common Stock	S	338	$47.24	Disposed	5438	Direct
2010-11-10	Common Stock	M	375	$11.99	Acquired	5813	Direct
2010-11-10	Common Stock	S	375	$47.24	Disposed	5438	Direct
2010-11-10	Common Stock	M	249	$14.76	Acquired	5687	Direct
2010-11-10	Common Stock	S	249	$47.24	Disposed	5438	Direct
2010-11-10	Common Stock	M	187	$18.09	Acquired	5625	Direct
2010-11-10	Common Stock	S	187	$47.24	Disposed	5438	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-10	Non-Qualified Stock Option (right to buy)	$11.99	M	375	Disposed	2011-02-02	Common Stock (375)	Direct
2010-11-10	Non-Qualified Stock Option (right to buy)	$13.16	M	338	Disposed	2010-12-07	Common Stock (338)	Direct
2010-11-10	Non-Qualified Stock Option (right to buy)	$14.76	M	249	Disposed	2011-05-04	Common Stock (249)	Direct
2010-11-10	Non-Qualified Stock Option (right to buy)	$18.09	M	187	Disposed	2011-08-03	Common Stock (187)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	711	Indirect

Footnotes

F1: Shares acquired under the Issuer's Employee Stock Purchase Plan in a transaction exempt under SEC Rule 16b-3 (c)

F2: Denise McCloud, former employee of CorVel Corporation and the spouse of Mr. McCloud, acquired shares through Company's Employee Stock Purchase Plan. Mr. McCloud is reporting the indirect ownership of the shares held by Denise McCloud.

F3: Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.