CORVEL CORP — Director's Dealing 2010

Feb 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2009-11-06

Reporting Person: BLAHA DIANE (VP of Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-06	Common Stock	S	273	$30.2597	Disposed	1197	Direct
2010-02-17	Common Stock	M	375	$13.5	Acquired	1572	Direct
2010-02-17	Common Stock	S	375	$32.18	Disposed	1197	Direct
2010-02-17	Common Stock	M	100	$14.76	Acquired	1297	Direct
2010-02-17	Common Stock	S	100	$32.13	Disposed	1197	Direct
2010-02-17	Common Stock	M	252	$14.76	Acquired	1449	Direct
2010-02-17	Common Stock	S	252	$32.18	Disposed	1197	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-17	Non-Qualified Stock Option (right to buy)	$13.5	M	375	Disposed	2010-05-05	Common Stock (375)	Direct
2010-02-17	Non-Qualified Stock Option (right to buy)	$14.76	M	100	Disposed	2011-05-04	Common Stock (100)	Direct
2010-02-17	Non-Qualified Stock Option (right to buy)	$14.76	M	252	Disposed	2011-05-04	Common Stock (252)	Direct

Footnotes

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

F2: Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.