SC 13D/A 1 p08-0736sc13da.txt COPART, INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- SCHEDULE 13D* (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Under the Securities Exchange Act of 1934 (Amendment No. 1) Copart, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No Par Value -------------------------------------------------------------------------------- (Title of Class of Securities) 217204106 -------------------------------------------------------------------------------- (CUSIP Number) Marc Weingarten, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, New York 10022 (212) 756-2000 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 10, 2008 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 4 Pages) -------------------------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes) ------------------------------ -------------------- CUSIP NO. 217204106 SCHEDULE 13D/A PAGE 2 OF 4 PAGES ------------------------------ -------------------- ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JANA PARTNERS LLC ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 6,481,729 --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 6,481,729 --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 6,481,729 ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.35% ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ------------------------------ -------------------- CUSIP NO. 217204106 SCHEDULE 13D/A PAGE 3 OF 4 PAGES ------------------------------ -------------------- The Schedule 13D filed on December 17, 2007 by JANA Partners LLC, a Delaware limited liability company (the "Reporting Person"), relating to the shares ("Shares") of common stock, no par value, of Copart, Inc. (the "Issuer"), is hereby amended as set forth below by this Amendment No. 1 to the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended and restated as follows: The 6,481,729 Shares reported herein by the Reporting Person were acquired at an aggregate purchase price of approximately $178.9 million. The Shares beneficially owned by the Reporting Person were acquired with investment funds in accounts under management. Item 5. Interest in Securities of the Company. The first two paragraphs in Paragraph (a) of Item 5 of the Schedule 13D are hereby amended and restated as follows: (a) The aggregate percentage of Shares reported to be beneficially owned by the Reporting Person is based upon 88,199,381 Shares outstanding, which is the total number of Shares outstanding as of March 10, 2008 as reported in the Issuer's Quarterly Report for the quarter ended January 31, 2008 filed on March 11, 2008. As of the close of business on March 12, 2008, the Reporting Person may be deemed to beneficially own 6,481,729 Shares constituting approximately 7.35% of the Shares outstanding. Paragraphs (b) and (c) of Item 5 of the Schedule 13D are hereby amended and restated as follows: (b) The Reporting Person has sole voting and dispositive powers over the 6,481,729 Shares, which powers are exercised by the Principals. (c) Information concerning transactions in the Shares effected by the Reporting Person during the past sixty days is set forth in the table below. All of the transactions in Shares listed hereto were effected in open market purchases on the NASDAQ Global Market through various brokerage entities. Date of Transaction Shares Purchased (Sold) Price Per Share ($) ------------------- ----------------------- ------------------- 3/10/2008 577,665 37.02 3/10/2008 86,400 36.70 3/10/2008 171,431 36.87 3/10/2008 200,000 36.56 3/11/2008 335,338 37.14 3/11/2008 266,053 37.07 3/12/2008 49,915 37.33 3/12/2008 52,387 37.27 3/12/2008 20,500 37.06 3/12/2008 50,000 37.03 3/12/2008 31,500 37.01 3/12/2008 150,000 36.96 ------------------------------ -------------------- CUSIP NO. 217204106 SCHEDULE 13D/A PAGE 4 OF 4 PAGES ------------------------------ -------------------- SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: March 12, 2008 JANA PARTNERS LLC By: /s/ Barry Rosenstein -------------------------- Name: Barry Rosenstein Title: Managing Partner By: /s/ Gary Claar -------------------------- Name: Gary Claar Title: General Partner