CORVEL CORP — Director's Dealing 2011

Jul 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2011-07-11

Reporting Person: MICHAEL JEFFREY J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-11	Common Stock	M	6750	$16.67	Acquired	82646	Direct
2011-07-11	Common Stock	M	2319	$48.51	Disposed	80327	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-11	Non-Qualified Stock Option (right to buy)	$16.67	M	6750	Disposed	2011-08-02	Common Stock (6750)	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 an automatic option grant program for the Company's non-employee directors under the Restated Omnibus Incentive Plan.

F3: Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.