Copart director indirectly sells 19,800 shares

By Associated Press
June 30, 2008 | Comments (0)

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A director of Copart Inc., which auctions junked cars for insurers and auto dealers, indirectly sold 19,800 shares of common stock, according to a Securities and Exchange Commission filing Friday.

In a Form 4 filed with the SEC, Thomas W. Smith reported that an investment limited partnership of which he is a general partner sold the shares for $47.02 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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