SEC Form 4 · accession 0001628280-19-000381
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Englander
Director
Period of report
Jan 15, 2019
Accepted (ET)
Jan 17, 2019 · 4:35 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 | Jan 15, 2019 | M | 80,000 | $8.81 | A | 555,128 | D | |
| Common StockF1,F2 | Jan 15, 2019 | S | 80,000 | $49.53 | D | 475,128 | 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 | $8.81 | Jan 15, 2019 | M | 80,000 | D | — | Dec 3, 2019 | Common Stock | 80,000 | 0 | 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 $49.28 to $50.18, 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.
- F2Includes 399,800 shares held by Ursula Capital Partners, for which Mr. Englander is the sole general partner, 4,900 shares held by trusts for the benefit of Mr. Englander's immediate family, and 70,428 shares held directly by Mr. Englander. The number of shares held directly by Mr. Englander has been corrected to include 2,788 shares not previously included in Mr. Englander's beneficial ownership summary due to a miscalculation.
- F3This option was previously reported as an option for 40,000 shares of common stock at an exercise price of $17.62 per share, but was adjusted to reflect the stock dividend declared by Copart on April 3, 2017.
- F42007 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.