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Copart director exercises options for 5,000 shares

By Associated Press
June 11, 2008 | Comments (0)

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A director of junk car auction service Copart Inc. exercised options for 5,000 shares of common stock, according to a filing with the Securities and Exchange Commission.

In a Form 4 filed with the SEC Tuesday, Steven D. Cohan reported exercising the options on Friday for $16.70 apiece, then selling all 5,000 shares on the same day for $47.33 to $47.43 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Copart is based in Fairfield, Calif.

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