SEC Form 4 · accession 0001628280-19-001948
COPART INC · CPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Franklin
Officer — Executive Vice President
Period of report
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 3:38 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 | Feb 22, 2019 | M | 140,000 | $10.28 | A | 157,967 | D | |
| Common StockF1 | Feb 22, 2019 | S | 140,000 | $58.44 | D | 17,967 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $10.28 | Feb 22, 2019 | M | 140,000 | D | — | Mar 24, 2021 | Common Stock | 140,000 | 100,000 | 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 $58.20 to $58.61, 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.
- F22007 Equity Incentive Plan. Twenty percent (20%) of the options vested on the first anniversary of the date of grant and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.