SEC Form 4 · accession 0000900075-16-000088
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Meeks
Director
Period of report
Oct 12, 2016
Accepted (ET)
Oct 14, 2016 · 3:09 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 | Oct 12, 2016 | M | 26,075 | $17.62 | A | 26,075 | D | |
| Common StockF1 | Oct 12, 2016 | S | 26,075 | $54.137 | 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 OptionF2,F3 | $17.62 | Oct 12, 2016 | M | 26,075 | D | — | Dec 3, 2019 | Common Stock | 26,075 | 13,925 | 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 $54.10 to $52.225, 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.
- F2This option was previously reported as an option for 20,000 shares of common stock at an exercise price of $35.24 per share, but was adjusted to reflect the stock dividend declared by Copart on March 8, 2012.
- 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.