CORVEL CORP — Director's Dealing 2020

Aug 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2020-08-19

Reporting Person: Combs Michael G (CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-19	Common Stock	M	2500	$45.73	Acquired	6264	Direct
2020-08-19	Common Stock	S	2500	$81.1217	Disposed	3764	Direct
2020-08-20	Common Stock	M	11453	$32.1	Acquired	15217	Direct
2020-08-20	Common Stock	S	11453	$81.3598	Disposed	3764	Direct
2020-08-21	Common Stock	M	8358	$32.1	Acquired	12122	Direct
2020-08-21	Common Stock	S	8358	$80.0795	Disposed	3764	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-20	Non-Qualified Stock Option (right to buy)	$32.1	M	11453	Disposed	2021-11-03	Common Stock (11453)	Direct
2020-08-21	Non-Qualified Stock Option (right to buy)	$32.1	M	8358	Disposed	2021-11-03	Common Stock (8358)	Direct
2020-08-19	Non-Qualified Stock Option (right to buy)	$45.73	M	2500	Disposed	2021-05-05	Common Stock (2500)	Direct

Footnotes

F1: Includes 80 shares acquired under the CorVel employee stock purchase plan ("ESPP") on March 31, 2016, 82 shares acquired under the ESPP on September 30, 2016 and 72 shares acquired under the ESPP on March 31, 2017, which were inadvertently omitted from the holdings reported in prior reports due to clerical error.

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.