CORVEL CORP — Director's Dealing 2010

Feb 25, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2010-02-23

Reporting Person: McFarlane Donald C (Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$32.955	Disposed	1680	Direct
2010-02-23	Common Stock	M	200	$15.79	Acquired	1880	Direct
2010-02-23	Common Stock	S	200	$32.96	Disposed	1680	Direct
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$32.98	Disposed	1680	Direct
2010-02-23	Common Stock	M	200	$15.79	Acquired	1880	Direct
2010-02-23	Common Stock	S	200	$32.985	Disposed	1680	Direct
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$32.995	Disposed	1680	Direct
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$33.03	Disposed	1680	Direct
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$33.05	Disposed	1680	Direct
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$33.095	Disposed	1680	Direct
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$33.15	Disposed	1680	Direct
2010-02-23	Common Stock	M	100	$15.79	Acquired	1780	Direct
2010-02-23	Common Stock	S	100	$33.155	Disposed	1680	Direct
2010-02-23	Common Stock	M	52	$15.79	Acquired	1732	Direct
2010-02-23	Common Stock	S	52	$33.18	Disposed	1680	Direct
2010-02-23	Common Stock	M	400	$15.79	Acquired	2080	Direct
2010-02-23	Common Stock	S	400	$33.19	Disposed	1680	Direct
2010-02-23	Common Stock	M	198	$15.79	Acquired	1878	Direct
2010-02-23	Common Stock	S	198	$33.24	Disposed	1680	Direct
2010-02-23	Common Stock	M	200	$15.79	Acquired	1880	Direct
2010-02-23	Common Stock	S	200	$33.31	Disposed	1680	Direct
2010-02-23	Common Stock	M	200	$15.79	Acquired	1880	Direct
2010-02-23	Common Stock	S	200	$33.37	Disposed	1680	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	200	Disposed	2010-09-01	Common Stock (200)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	200	Disposed	2010-09-01	Common Stock (200)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	100	Disposed	2010-09-01	Common Stock (100)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	52	Disposed	2010-09-01	Common Stock (52)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	400	Disposed	2010-09-01	Common Stock (400)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	198	Disposed	2010-09-01	Common Stock (198)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	200	Disposed	2010-09-01	Common Stock (200)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$15.79	M	200	Disposed	2010-09-01	Common Stock (200)	Direct

Footnotes

F1: Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.