CORVEL CORP — Director's Dealing 2012

Jul 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2012-06-29

Reporting Person: McFarlane Donald C (Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-29	Common Stock	M	596	$25.1	Acquired	1466	Direct
2012-06-29	Common Stock	S	596	$48.58	Disposed	870	Direct
2012-07-02	Common Stock	M	3000	$19.79	Acquired	3870	Direct
2012-07-02	Common Stock	S	3000	$50	Disposed	870	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-02	Non-Qualified Stock Option (right to buy)	$19.79	M	3000	Disposed	2014-02-24	Common Stock (3000)	Direct
2012-06-29	Non-Qualified Stock Option (right to buy)	$25.1	M	596	Disposed	2013-02-04	Common Stock (596)	Direct

Footnotes

F1: Sales reported above were made pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2012.

F2: Option will vest based on achievement of certain performance criteria relating to earnings growth.

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