SEC Form 4 · accession 0000900075-16-000056
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent W Mitz
Officer — President · Director
Period of report
Jul 27, 2016
Accepted (ET)
Jul 29, 2016 · 11:45 am 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 27, 2016 | M | 13,333 | $19.775 | A | 14,025 | D | |
| Common Stock | Jul 27, 2016 | M | 55,000 | $16.43 | A | 69,025 | D | |
| Common Stock | Jul 27, 2016 | M | 90,000 | $17.32 | A | 159,025 | D | |
| Common Stock | Jul 27, 2016 | M | 113,333 | $16.38 | A | 272,358 | D | |
| Common Stock | Jul 27, 2016 | M | 440,000 | $20.56 | A | 712,358 | D | |
| Common Stock | Jul 27, 2016 | F | 449,653 | $51.30 | D | 262,705 | D | |
| Common StockF1 | Jul 27, 2016 | M | 66,667 | $19.775 | A | 78,295 | I | KMM Investment Trust |
| Common StockF1 | Jul 27, 2016 | M | 55,000 | $16.43 | A | 133,295 | I | KMM Investment Trust |
| Common StockF1 | Jul 27, 2016 | F | 72,170 | $51.30 | D | 61,125 | I | KMM Investment Trust |
| Common StockF2 | Jul 27, 2016 | M | 40,000 | $16.43 | A | 40,000 | I | VWM Investment Trust |
| Common StockF2 | Jul 27, 2016 | M | 110,000 | $17.32 | A | 150,000 | I | VWM Investment Trust |
| Common StockF2 | Jul 27, 2016 | M | 86,667 | $16.38 | A | 236,667 | I | VWM Investment Trust |
| Common StockF2 | Jul 27, 2016 | M | 60,000 | $20.56 | A | 296,667 | I | VWM Investment Trust |
| Common StockF2 | Jul 27, 2016 | F | 181,977 | $51.30 | D | 114,690 | I | VWM Investment Trust |
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)F3 | $19.775 | Jul 27, 2016 | M | 13,333 | D | — | Sep 26, 2018 | Common Stock | 13,333 | 0 | D |
| Stock Option (right to buy)F1,F3 | $19.775 | Jul 27, 2016 | M | 66,667 | D | — | Sep 26, 2018 | Common Stock | 66,667 | 0 | I |
| Stock Option (right to buy)F3 | $16.43 | Jul 27, 2016 | M | 55,000 | D | — | Sep 25, 2019 | Common Stock | 55,000 | 0 | D |
| Stock Option (right to buy)F1,F3 | $16.43 | Jul 27, 2016 | M | 55,000 | D | — | Sep 25, 2019 | Common Stock | 55,000 | 0 | I |
| Stock Option (right to buy)F2,F3 | $16.43 | Jul 27, 2016 | M | 40,000 | D | — | Sep 25, 2019 | Common Stock | 40,000 | 0 | I |
| Stock Option (right to buy)F3 | $17.32 | Jul 27, 2016 | M | 90,000 | D | — | Mar 4, 2020 | Common Stock | 90,000 | 0 | D |
| Stock Option (right to buy)F2,F3 | $17.32 | Jul 27, 2016 | M | 110,000 | D | — | Mar 4, 2020 | Common Stock | 110,000 | 0 | I |
| Stock Option (right to buy)F3 | $16.38 | Jul 27, 2016 | M | 113,333 | D | — | Oct 4, 2020 | Common Stock | 113,333 | 0 | D |
| Stock Option (right to buy)F2,F3 | $16.38 | Jul 27, 2016 | M | 86,667 | D | — | Oct 4, 2020 | Common Stock | 86,667 | 0 | I |
| Stock Option (right to buy)F3 | $20.56 | Jul 27, 2016 | M | 440,000 | D | — | Mar 4, 2021 | Common Stock | 440,000 | 0 | D |
| Stock Option (right to buy)F2,F3 | $20.56 | Jul 27, 2016 | M | 60,000 | D | — | Mar 4, 2021 | Common Stock | 60,000 | 0 | I |
Explanation of responses
- F1KMM Investment Trust for the benefit of the reporting person's wife and children. The reporting person's wife is trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for the purposes of Section 16 or any other purpose.
- F2VWM Investment Trust, for which the reporting person serves as trustee.
- F32007 Equity Incentive Plan. Twenty percent (20%) of the options vested on the first anniversary of the date of grant and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.