CORVEL CORP — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2011-02-25

Reporting Person: CLEMONS V GORDON (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	M	45000	$30.13	Acquired	1124368	Direct
2011-02-25	Common Stock	F	27446	$49.4	Disposed	1096922	Direct
2011-02-25	Common Stock	F	5737	$49.4	Disposed	1091185	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	Non-Qualified Stock Option (right to buy)	$30.13	M	45000	Disposed	2011-11-06	Common Stock (45000)	Direct

Footnotes

F1: Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.

F2: Option issued pursuant to the CorVel Corporation Restated Omnibus Incentive Plan.

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