SEC Form 4 · accession 0000900075-18-000035
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Liaw
Officer — Chief Financial Officer
Period of report
Jun 18, 2018
Accepted (ET)
Jun 20, 2018 · 12:30 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 | Jun 18, 2018 | M | 30,000 | $18.835 | A | 31,346 | D | |
| Common StockF2 | Jun 18, 2018 | S | 30,000 | $58.408 | D | 1,346 | 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,F4 | $18.835 | Jun 18, 2018 | M | 30,000 | D | — | Jan 4, 2026 | Common Stock | 30,000 | 70,000 | D |
Explanation of responses
- F1Includes 392 shares of Common Stock acquired under the Company's 1994 Employee Stock Purchase Plan on December 31, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.33 to $58.59, 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.
- F3This option was previously reported as an option for 50,000 shares of common stock at an exercise price of $37.67 per share, but was adjusted to reflect the stock dividend declared by Copart on April 3, 2017.
- F42007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary.