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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.1)*
COPART, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
217204 10 6
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(CUSIP Number)
PAUL STYER 5500 E. SECOND STREET, BENECIA, CA 94510 (707) 748-5000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
(1)
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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 the
disclosures provided in a prior cover page.
The information required in 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).
(1) Reporting person has reported his share ownership of Issuer's Common Stock
on Schedule 13D but instead should have reported such share ownership on
Schedule 13G. Accordingly, the Reporting Person's Schedule 13D is being
amended to indicate that his share ownership shall henceforth be reported
on a Schedule 13G.
Page 1 of 4 Pages
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CUSIP NO. 217204 10 6 13D PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Grosfeld
SSN: 092-300-377
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
PF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2(e)
[X]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
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SOLE VOTING POWER
7
NUMBER OF 1,200,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,200,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,200,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
9.5%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Page 3 of 4 Pages
ITEM 1. Security and Issuer
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Common Stock of Copart, Inc.
ITEM 2. Identity and Background
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(a) James Grosfeld ("Reporting Person")
(b) 20500 Civic Center Drive, Southfield, MI 48076
(c) Individual Investor, Chairman of the Board of Directors of
Copart, Inc.
Copart, Inc.
5500 E. Second Street
Benecia, CA 94510
(d) Not applicable.
(e) Not applicable.
(f) United States of America.
ITEM 3. Source and Amount of Funds and Other Consideration
--------------------------------------------------
Not applicable.
ITEM 4. Purpose of Transaction
----------------------
Not applicable.
ITEM 5. Interest in Securities of the Issuer
------------------------------------
Share ownership of Reporting Person previously reported in a Schedule
13D but should have been originally reported on a Schedule 13G. This
Amendment to Schedule 13D is being filed in order to indicate that all
future filings with respect to the Reporting Person's share ownership
in the Issuer shall be reported on Schedule 13G.
ITEM 6. Contracts, Arrangements, Understandings or Relationships
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with Respect to Securities of the Issuer
----------------------------------------
Not applicable.
ITEM 7. Material to be Filed as Exhibits
--------------------------------
Not applicable.
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Page 4 of 4 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
2-7-97
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/s/ JAMES GROSFELD
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James Grosfeld
