SEC Form 4 · accession 0000900075-16-000051
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert H. Vannuccini
Officer — Senior Vice President, Sales
Period of report
Jul 14, 2016
Accepted (ET)
Jul 15, 2016 · 4:44 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 Stock | Jul 14, 2016 | M | 6,086 | $16.43 | A | 9,703 | D | |
| Common Stock | Jul 14, 2016 | M | 6,491 | $19.775 | A | 16,194 | D | |
| Common StockF1,F2 | Jul 14, 2016 | S | 12,577 | $49.9607 | D | 3,617 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3,F4,F5 | $16.43 | Jul 14, 2016 | M | 6,086 | A | — | Sep 25, 2019 | Common Stock | 6,086 | 93,914 | D |
| Employee Stock Option (right to buy)F3,F6,F7 | $19.775 | Jul 14, 2016 | M | 6,491 | A | — | Sep 26, 2018 | Common Stock | 6,491 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.95 to $50.00, inclusive. The reporting person undertakes to provide to Copart, Inc., any security holder of Copart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
- F2Includes 243 shares of Common Stock on June 30, 2014; 344 shares of Common Stock on December 31, 2014; 341 shares of Common Stock on June 30, 2015; and 350 shares of Common Stock on December 31, 2015 acquired under the Company's 1994 Employee Stock Purchase Plan.
- F32007 Equity Incentive Plan
- F4This option was previously reported as an option for 50,000 shares of common stock at an exercise price of $32.86 per share, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
- F5The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant was September 25, 2009 and became fully vested on September 25, 2014.
- F6This option was previously reported as an option for 20,000 shares of common stock at an exercise price of $39.55 per share, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
- F7The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant was September 26, 2008, and it became fully vested on September 26, 2013.