SEC Form 4 · accession 0000900075-16-000025
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean Eldridge
Officer — SVP, Chief Operating Officer
Period of report
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 4:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000900075
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2016 | M | 10,000 | $22.47 | A | 11,092 | D | |
| Common Stock | Mar 31, 2016 | S | 200 | $41.06 | D | 10,892 | D | |
| Common Stock | Mar 31, 2016 | S | 800 | $41.05 | D | 10,092 | D | |
| Common Stock | Mar 31, 2016 | S | 750 | $41.04 | D | 9,342 | D | |
| Common Stock | Mar 31, 2016 | S | 1,832 | $41.03 | D | 7,510 | D | |
| Common Stock | Mar 31, 2016 | S | 1,968 | $41.02 | D | 5,542 | D | |
| Common Stock | Mar 31, 2016 | S | 4,450 | $41.01 | D | 1,092 | D | |
| Common Stock | Mar 31, 2016 | S | 436 | $41.0201 | D | 656 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $22.47 | Mar 31, 2016 | M | 10,000 | D | — | Oct 14, 2021 | Common Stock | 10,000 | 32,000 | D |
Explanation of responses
- F1Includes 143 shares of Common Stock acquired under the Company's 1994 Employee Stock Purchase Plan on June 30, 2014.
- F22007 Equity Incentive Plan. Twenty percent (20%) of the options vested on the first anniversary of the date of grant and the balance vests on a monthly basis over the 48 months succeeding such first anniversary.