SEC Form 4 · accession 0000900075-17-000018
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Meeks
Director
Period of report
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 3:33 pm EST
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 | Mar 8, 2017 | M | 29,703 | $22.59 | A | 29,703 | D | |
| Common StockF1 | Mar 8, 2017 | S | 29,703 | $60.5494 | D | 0 | D | |
| Common Stock | Mar 8, 2017 | M | 14,900 | $30.02 | A | 14,900 | D | |
| Common StockF1 | Mar 8, 2017 | S | 14,900 | $60.5494 | D | 0 | D | |
| Common Stock | Mar 9, 2017 | M | 8,600 | $30.02 | A | 8,600 | D | |
| Common StockF2 | Mar 9, 2017 | S | 8,600 | $60.516 | 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 | $22.59 | Mar 8, 2017 | M | 29,703 | D | — | Dec 14, 2021 | Common Stock | 29,703 | 0 | D |
| Stock OptionF3 | $30.02 | Mar 8, 2017 | M | 14,900 | D | — | Dec 5, 2022 | Common Stock | 14,900 | 25,100 | D |
| Stock OptionF3 | $30.02 | Mar 9, 2017 | M | 8,600 | D | — | Dec 5, 2022 | Common Stock | 8,600 | 16,500 | 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 $60.50 to $60.75, 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 $60.50 to $60.58, 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.