CORVEL CORP — Director's Dealing 2013

Aug 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2013-08-21

Reporting Person: McCloud Scott R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-21	Common Stock	S	262	$34.52	Disposed	11894	Direct
2013-08-21	Common Stock	S	38	$34.52	Disposed	1342	Indirect
2013-08-21	Common Stock	M	150	$12.91	Acquired	11894	Direct
2013-08-21	Common Stock	S	150	$34.52	Disposed	11744	Direct
2013-08-21	Common Stock	M	100	$12.91	Acquired	11894	Direct
2013-08-21	Common Stock	S	100	$34.66	Disposed	11744	Direct
2013-08-21	Common Stock	M	450	$9.9	Acquired	12194	Direct
2013-08-21	Common Stock	S	450	$34.52	Disposed	11744	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-21	Non-Qualified Stock Option (right to buy)	$12.91	M	150	Disposed	2013-11-03	Common Stock (150)	Direct
2013-08-21	Non-Qualified Stock Option (right to buy)	$12.91	M	100	Disposed	2013-11-03	Common Stock (100)	Direct
2013-08-21	Non-Qualified Stock Option (right to buy)	$9.9	M	450	Disposed	2014-02-24	Common Stock (450)	Direct

Footnotes

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

F2: Denise McCloud, former employee of CorVel Corporation and the spouse of Mr. McCloud, acquired shares through Company's Employee Stock Purchase Plan. Mr. McCloud is reporting the indirect ownership of the shares held by Denise McCloud.

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

F4: Option will vest based on achievement of certain performance criteria relating to earnings growth.