Form Type: 4

SEC EDGAR Link
Accession Number:0000900075-22-000020
Date:2022-04-01
Issuer: COPART INC (CPRT)
Original Submission Date:

Reporting Person:

LIAW JEFFREY
COPART, INC. 14185 DALLAS PARKWAY
SUITE 300 DALLAS, TX 75254

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION (RIGHT TO BUY) 125.68 2022-04-01 deemed execution date A 325,000 (a) 2032-04-01 common stock 325,000 $125.68 325,000 direct
Footnotes
IDfootnote
f1 2007 equity incentive plan. twenty percent (20%) of the options vest 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. separate and apart from the time-based vesting schedule, the options are also subject to performance-based vesting, such that no options will be exercisable unless and until the stock price in trading of copart, inc. on the nasdaq global select market is greater than or equal to $157.10 per share (which is an amount equal to 125% of the exercise price of the option) both (1) at the time of any exercise, and (2) as of the closing price for each of the twenty consecutive days in trading preceding the date of any exercise.
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