0001628280-23-040147.txt : 20231128
0001628280-23-040147.hdr.sgml : 20231128
20231128172627
ACCESSION NUMBER: 0001628280-23-040147
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231124
FILED AS OF DATE: 20231128
DATE AS OF CHANGE: 20231128
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STEARNS LEAH C
CENTRAL INDEX KEY: 0001776291
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23255
FILM NUMBER: 231447657
MAIL ADDRESS:
STREET 1: COPART, INC.
STREET 2: 14185 DALLAS PARKWAY
CITY: DALLAS
STATE: TX
ZIP: 75254
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COPART INC
CENTRAL INDEX KEY: 0000900075
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
IRS NUMBER: 942867490
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0731
BUSINESS ADDRESS:
STREET 1: 14185 DALLAS PARKWAY
STREET 2: SUITE 300
CITY: DALLAS
STATE: TX
ZIP: 75254
BUSINESS PHONE: 972-391-5000
MAIL ADDRESS:
STREET 1: 14185 DALLAS PARKWAY
STREET 2: SUITE 300
CITY: DALLAS
STATE: TX
ZIP: 75254
4
1
wk-form4_1701210377.xml
FORM 4
X0508
4
2023-11-24
0
0000900075
COPART INC
CPRT
0001776291
STEARNS LEAH C
14185 DALLAS PARKWAY
SUITE 400
DALLAS
TX
75254
0
1
0
0
Chief Financial Officer
0
Stock Option
50.81
2023-11-24
4
A
0
75000
0
A
Common Stock
75000
75000
D
Stock Option (right to buy)
50.81
2023-11-24
4
A
0
75000
0
A
Common Stock
75000
150000
D
Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary.
The stock options have a ten-year term, and expire on November 24, 2033.
Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary. In addition to service-based vesting, the award is also subject to a performance-based vesting condition, such that no portion of the award may be exercised unless the Copart, Inc. common stock price in trading on the Nasdaq Global Select Market is equal to or greater than $63.51 (an amount equal to 125% of the exercise price), both (i) at the time of any exercise, and (ii) at the closing price of the Copart, Inc. common stock in trading on the Nasdaq Global Select Market for each of the twenty consecutive days preceding the date of any exercise.
/s/ Paul K. Kirkpatrick, attorney-in-fact
2023-11-28