4//SEC Filing
Vannuccini Robert H. 4
Accession 0001179110-12-009435
CIK 0000900075other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 5:40 PM ET
Size
14.4 KB
Accession
0001179110-12-009435
Insider Transaction Report
Form 4
COPART INCCPRT
Vannuccini Robert H.
Senior Vice President, Marketi
Transactions
- Exercise/Conversion
Common Stock
2012-05-31$12.02/sh+40,000$480,600→ 64,724 total - Sale
Common Stock
2012-05-31$27.22/sh−63,568$1,730,486→ 1,156 total - Exercise/Conversion
Common Stock
2012-05-31$9.00/sh+20,000$180,000→ 24,724 total - Exercise/Conversion
Employee Stock Option (right to buy)
2012-05-31−20,000→ 0 totalExercise: $9.00Exp: 2014-01-22→ Common Stock (20,000 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2012-05-31−40,000→ 0 totalExercise: $12.02Exp: 2015-10-04→ Common Stock (40,000 underlying)
Footnotes (7)
- [F1]The transaction on this Form 4 consists of the exercise of a stock option to purchase 30,000 shares of Common Stock granted under the 2001 Stock Option Plan (as adjusted to 60,000 shares of Common Stock in respect of the stock divident described in footnote 3) and the sale of all of the shares of Common Stock the reporting person purchased through the exercise of such stock option. These shares that were issued upon the exercise of an option (described in Table II) were immediately used to cover sales (described in Table I).
- [F2]On January 10, 2012, Copart, Inc., a Delaware corporation, became the successor of Copart, Inc., a California corporation, pursuant to a merger. The merger had the effect of changing Copart, Inc.'s domicile, but did not alter the proportionate interests of security holders
- [F3]On March 8, 2012, Copart declared a stock dividend, payable to all holders of record of common stock on March 23, 2012, of one share of common stock for each share of common stock outstanding. As a result, the reporting person received 2,342 shares of Copart common stock as of March 23, 2012. At the same time,pursuant to anti-dilution provisions of Copart's equity incentive plan (a) an option for 10,000 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 20,000 shares of common stock, (b) an option for 20,000 shares of common stock held by the reporting person on March 23, 2012 became exercisable for 40,000 shares of common stock.
- [F4]The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was January 22, 2004, and it became fully exercisable on January 22, 2009.
- [F5]The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was October 4, 2005, and it became fully exercisable on October 4, 2010.
- [F6]The price shown in Column 4 is a weighted average sale price. The price range for the sales is $27.00 to $27.45. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F7]Includes 1,156 shares of Common Stock acquired under the Company's 1994 Employee Stock Purchase Plan on December 21, 2010 (216 shares), June 30, 2011 (188 shares) and December 30, 2011 (174 shares). As a result of the stock dividend described in footnote 3, the reporting person received 578 shares of Coaprt common stock as of March 23, 2012.
Documents
Issuer
COPART INC
CIK 0000900075
Entity typeother
Related Parties
1- filerCIK 0001408099
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 5:40 PM ET
- Size
- 14.4 KB