SEC Form 4 · accession 0000946724-15-000006

CORVEL CORP · CRVL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman of the Board · Director

Period of report

Mar 5, 2015

Accepted (ET)

Mar 9, 2015 · 4:43 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000874866

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Mar 5, 2015	M	1,250	$18.28	A	1,782,063	D
Common Stock	Mar 5, 2015	F	637	$35.82	D	1,781,426	D
Common Stock	Mar 5, 2015	F	250	$35.82	D	1,781,176	D
Common Stock^F2	Mar 5, 2015	S	2,500	$36.3844	D	154,751	I	by Corporation

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F3	$18.28	Mar 5, 2015	M	1,250	D	—	May 14, 2015	Common Stock	1,250	0	D

F1Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
F2The form of ownership of CorVel stock held by the reporting person changed from Direct to Indirect when the shares were transferrred without consideration on December 20, 2012 to Clemons Management LLC. The reporting person and his spouse own Clemons Management LLC and therefore have investment and voting control over the shares of CorVel stock held by Clemons Management LLC.
F3Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.