SEC Form 4 · accession 0000900075-16-000071
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matt Blunt
Director
Period of report
Sep 22, 2016
Accepted (ET)
Sep 26, 2016 · 5:10 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 | Sep 22, 2016 | M | 15,000 | $30.02 | A | 15,000 | D | |
| Common Stock | Sep 22, 2016 | M | 4,960 | $35.62 | A | 19,960 | D | |
| Common StockF1 | Sep 22, 2016 | S | 19,960 | $52.9897 | D | 0 | D | |
| Common Stock | Sep 23, 2016 | M | 35,040 | $35.62 | A | 35,040 | D | |
| Common Stock | Sep 23, 2016 | M | 10,000 | $36.45 | A | 45,040 | D | |
| Common StockF2 | Sep 23, 2016 | S | 45,040 | $53.7728 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $30.02 | Sep 22, 2016 | M | 15,000 | D | — | Dec 5, 2022 | Common Stock | 15,000 | 0 | D |
| Stock OptionF3 | $35.62 | Sep 22, 2016 | M | 4,960 | D | — | Dec 16, 2023 | Common Stock | 4,960 | 35,040 | D |
| Stock OptionF3 | $35.62 | Sep 23, 2016 | M | 35,040 | D | — | Dec 16, 2023 | Common Stock | 35,040 | 0 | D |
| Stock OptionF3 | $36.45 | Sep 23, 2016 | M | 10,000 | D | — | Dec 3, 2024 | Common Stock | 10,000 | 30,000 | 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 $52.9002 to $53.1701, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.5331 to $54.0001, 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.
- F32007 Equity Incentive Plan. One half of the options vested on the first anniversary of the date of grant and the balance vested on a monthly basis over the 12 months succeeding such first anniversary.