SEC Form 4 · accession 0000900075-17-000026
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
A Jayson Adair
Officer — Chief Executive Officer · Director
Period of report
Mar 27, 2017
Accepted (ET)
Apr 3, 2017 · 3:29 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 | Mar 27, 2017 | G | 2,700 | $0.00 | D | 3,707,383 | I | A. Jayson Adair and Tammi L. Adair Revocable Trust |
| Common StockF2,F1 | Mar 30, 2017 | S | 200,000 | $62.0564 | D | 3,507,383 | I | A. Jayson Adair and Tammi L. Adair Revocable Trust |
| Common StockF3 | holding | — | — | — | 550,000 | I | JTGJ Investment, LP | |
| Common StockF4 | holding | — | — | — | 12,486 | I | Irrevocable trust A | |
| Common StockF4 | holding | — | — | — | 12,348 | I | Irrevocable trust B |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects Shares held by A. Jayson Adair and Tammi L. Adair Revocable Trust, of which the reporting person and the reporting person's spouse are trustees.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.92 to $62.27, 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.
- F3Reflects shares held by JTGJ Investments, LP, a Texas limited partnership("JTGJ"), of which (a) Adair Ventures, LLC is the general partner, of which the reporting person and the reporting person's wife are the members, and (b) the reporting person and the reporting person's wife were then the sole limited partners. The reporting person disclaims beneficial ownership of the issuer's common stock held by JTGJ except to the extent of his pecuniary interest, if any, therein.
- F4Reflects shares held by an irrevocable trust for the benefit of a member of the reporting person's immediate family.