CORVEL CORP — Director's Dealing 2010

Mar 11, 2010

SEC Form 4/A — Form 4/A

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2010-03-09

Reporting Person: McCloud Scott R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-09	Common Stock	M	188	$13.5	Acquired	4126	Direct
2010-03-09	Common Stock	S	188	$36.17	Disposed	3938	Direct
2010-03-09	Common Stock	M	1412	$15.79	Acquired	5350	Direct
2010-03-09	Common Stock	S	1412	$36.17	Disposed	3938	Direct
2010-03-09	Common Stock	M	88	$15.79	Acquired	4026	Direct
2010-03-09	Common Stock	S	88	$36.2	Disposed	3938	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-09	Non-Qualified Stock Option (right to buy)	$13.5	M	188	Disposed	2010-05-05	Common Stock (188)	Direct
2010-03-09	Non-Qualified Stock Option (right to buy)	$15.79	M	1412	Disposed	2010-09-01	Common Stock (1412)	Direct
2010-03-09	Non-Qualified Stock Option (right to buy)	$15.79	M	88	Disposed	2010-09-01	Common Stock (88)	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: 1,185 shares reflected on March 10,2010 filing is incorrect due to system issues. Form 4 Amendment filed to reflect correct number of shares.

F3: 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 owernship of the shares held by Denise McCloud.

F4: Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.