SEC Form 4 · accession 0001628280-19-002787
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
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 8:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000900075
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 7, 2019 | A | 34,322 | A | — | — | Common Stock | 34,322 | 34,322 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents the contingent right to receive one share of Copart, Inc. common stock upon vesting of the unit.
- F2One-half of the Restricted Stock Units will vest on March 7, 2020, and the remaining half of the Restricted Stock Units will vest on March 7, 2021, subject to the recipient's continued status as a Service Provider (as defined in the Company's Amended and Restated 2007 Equity Incentive Plan).