SEC Form 4 · accession 0000900075-16-000060
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Willis J Johnson
Officer — Chairman of the Board · Director · 10% Owner
Period of report
Jan 21, 2016
Accepted (ET)
Sep 6, 2016 · 5:14 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 | Jan 21, 2016 | G | 45,350 | $0.00 | D | 1,328,978 | I | Reba Family Limited Partnership II |
| Common Stock | Sep 1, 2016 | M | 400,000 | $17.195 | A | 481,240 | D | |
| Common Stock | Sep 1, 2016 | M | 4,000,000 | $15.105 | A | 4,481,240 | D | |
| Common Stock | Sep 1, 2016 | F | 2,602,350 | $51.23 | D | 1,878,890 | D | |
| Common StockF2 | holding | — | — | — | 7,395,645 | I | Willis J. Johnson and Reba J. Johnson Revocable Trust DTD 1/16/1997 |
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 | $17.195 | Sep 1, 2016 | M | 400,000 | D | — | Sep 28, 2017 | Common Stock | 400,000 | 0 | D |
| Stock OptionF5,F6 | $15.105 | Sep 1, 2016 | M | 4,000,000 | D | — | Apr 14, 2019 | Common Stock | 4,000,000 | 0 | D |
Explanation of responses
- F1Reflects shares held by the Reba Family Limited Partnership II, of which the reporting person and the reporting person's spouse are the general partners.
- F2Reflects shares held by the Willis J. Johnson and Reba J. Johnson Revocable Trust DTD 1/16/1997, of which the reporting person and the reporting person's spouse are trustees.
- F3This option was previously reported as an option for 200,000 shares of common stock at an exercise price of $34.39 per share, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
- F4Issued pursuant to 2001 Stock Option 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 remaining 48 months succeeding such first anniversary.
- F5This option was previously reported as an option for 2,000,000 shares of common stock at an exercise price of $30.21 per share, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
- F6Issued pursuant to the terms of the Stand Alone Stock Option Agreement in the form set forth as Exhibit 10.1 to Form 8-K filed with the SEC on April 16, 2009. 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 remaining 48 months succeeding such first anniversary.