Sec Form 4 Filing - MEEKS JAMES E @ COPART INC - 2012-10-01

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MEEKS JAMES E
2. Issuer Name and Ticker or Trading Symbol
COPART INC [ CPRT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O COPART, INC. 14185 DALLAS PARKWAY, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2012
(Street)
DALLAS, TX75254
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/01/2012 M 20,000 ( 2 ) A $ 4.4 20,000 D
Common Stock 10/01/2012 M 6,668 ( 4 ) A $ 5.495 26,668 D
Common Stock 10/01/2012 S 7,100 D $ 27.5 19,568 D
Common Stock 10/01/2012 S 19,568 D $ 27.35 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Employee Stock Option (right to buy) $ 4.4 10/01/2012 M 20,000 ( 1 ) 08/19/2013 Common Stock ( 2 ) 20,000 ( 2 ) $ 0 0 D
Employee Stock Option (right to buy) $ 5.495 10/01/2012 M 6,668 ( 3 ) 10/21/2012 Common Stock ( 4 ) 6,668 ( 4 ) $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MEEKS JAMES E
C/O COPART, INC. 14185 DALLAS PARKWAY
SUITE 300
DALLAS, TX75254
X
Signatures
James E. Meeks 10/02/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The option vested 20% after the first year, and thereafter monthly, ratably, over the remaining 48 months vesting term. The option grant date was August 19, 2003, and it became fully vested on August 19, 2008.
( 2 )This option was previously reported as an option for 75,000 shares of common stock at an exercise price of $8.80 per share of which 10,000 remained exercisable, but was adjusted to reflect the stock divident declared by Copart on March 8,2012.
( 3 )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 21, 2002, and it became fully vested on October 21, 2007.
( 4 )This option was previously reported as an option for 100,000 shares of common stock at an exercise price of $10.99 per share of which 3,334 remained exercisable, but was adjusted to reflect the stock divident declared by Copart on March 8,2012.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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