Statement of Changes in Beneficial Ownership (4)
June 26 2020 - 1:48PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Liaw Jeffrey |
2. Issuer Name and Ticker or Trading Symbol
COPART INC
[
CPRT
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
COPART, INC. 14185 DALLAS PARKWAY, SUITE 300 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/25/2020 |
(Street)
DALLAS, TX 75254
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 6/25/2020 | | M | | 58334 | A | $18.835 | 58334 | D | |
Common Stock | 6/25/2020 | | M | | 36000 | A | $27.10 | 94334 | D | |
Common Stock | 6/25/2020 | | S | | 94334 | D | $81.327 (1) | 0 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option | $18.835 | 6/25/2020 | | M | | | 58334 | (2) | 1/4/2026 | Common Stock | 58334.0 | $18.835 | 11666 | D | |
Employee Stock Option (right to buy) | $27.1 | 6/25/2020 | | M | | | 36000 | (2) | 10/10/2026 | Common Stock | 36000.0 | $27.10 | 64000 | D | |
Employee Stock Option (right to buy) | $58.27 | | | | | | | (2) | 3/7/2029 | Common Stock | 150000.0 | | 150000 | D | |
Employee Stock Option (right to buy) | $34.78 | | | | | | | (2) | 10/4/2027 | Common Stock | 100000.0 | | 100000 | D | |
Restricted Stock Units | (3) | | | | | | | (4) | (4) | Common Stock | 36864.0 | | 36864 | D | |
Explanation of Responses: |
(1) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.7090 to $81.55, 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. |
(2) | 2007 Equity Incentive Plan. Twenty percent (20%) of the options vested on the first anniversary of the date of grant and the balance vests on a monthly basis over the 48 months succeeding such first anniversary. |
(3) | Each restricted stock unit represents the contingent right to receive one share of Copart, Inc. common stock upon vesting of the unit. |
(4) | 2007 Equity Incentive Plan. Twenty-five percent (25%) of the restricted stock units vest on the first anniversary of the September 6, 2019 grant date, and the balance vests monthly over the 36 months succeeding such first anniversary. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Liaw Jeffrey COPART, INC. 14185 DALLAS PARKWAY SUITE 300 DALLAS, TX 75254 |
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| Chief Financial Officer |
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Signatures
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/s/ Gregory R. DePasquale
Senior Vice President, General Counsel & Secretary | | 6/26/2020 |
**Signature of Reporting Person | Date |
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