Burgener Matthew M. 4
4 · COPART INC · Filed Jan 14, 2013
Insider Transaction Report
Form 4
COPART INCCPRT
Burgener Matthew M.
SVP Marketing
Transactions
- Award
Stock Option (right to buy)
2013-01-11+100,000→ 100,000 totalExercise: $24.09Exp: 2022-01-12→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]On January 13, 2012, the reporting person was granted a performance-based option to purchase 100,000 shares of common stock. On January 11, 2013 the Compensation Committee of the issuer approved the following time-based vesting: Twenty percent (20%) of the shares subject to each option will vest on January 13, 2013 and 1/60th of the shares subject to each option will vest cumulatively each month thereafter, such that 100% of the shares subject to the option will be vested five (5) years from the vesting commencement date.
- [F2]Represents what was originally an option to purchase 50,000 shares of common stock at an exercise price of $48.18 per share, but has been adjusted to reflect the stock dividend declared by the issuer on March 8, 2012.