UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
COPART, INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
217204106
(CUSIP Number)
DECEMBER 31, 2005
(Date of Event which Requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
| | Rule 13d-1(b)
|X| Rule 13d-1(c)
| | Rule 13d-1(d)
* 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).
CUSIP No. 217204106
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
THOMAS W. SMITH
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | |
(b) |x|
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3 SEC USE ONLY
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4 CITIZEN OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,580,275
NUMBER OF ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY EACH 3,680,782
REPORTING
PERSON ---------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
2,159,269
---------------------------------------------
8 SHARED DISPOSITIVE POWER
3,680,782
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,840,051
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
NOT APPLICABLE
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
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12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-2-
CUSIP No. 217204106
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
SCOTT J. VASSALLUZZO
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | |
(b) |x|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZEN OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
---------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 3,680,782
BENEFICIALLY
OWNED BY EACH ---------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 80,000
---------------------------------------------
8 SHARED DISPOSITIVE POWER
3,680,782
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,760,782
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
NOT APPLICABLE
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-3-
ITEM 1. (A) NAME OF ISSUER:
Copart, Inc.
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4665 Business Center Drive
Fairfield, CA 94534
ITEM 2. (A) NAME OF PERSON FILING:
(i) Thomas W. Smith
(ii) Scott J. Vassalluzzo
The filing of this Statement shall not be deemed to be an
admission that the filing persons (the "Reporting Persons")
comprise a "group" within the meaning of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended. The Reporting Persons
each disclaim beneficial ownership of the shares reported in this
Schedule 13G in excess of those shares as to which they have or
share voting or investment authority.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The following is the address of the principal business office of
each of the Reporting Persons:
323 Railroad Avenue
Greenwich, CT 06830
(C) CITIZENSHIP:
Each of Messrs. Thomas W. Smith and Scott J. Vassalluzzo is a
United States citizen.
(D) TITLE OF CLASS OF SECURITIES:
Common Stock, no par value
(E) CUSIP NUMBER:
217204106
-4-
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(C), CHECK THIS BOX
|X|
ITEM 4. OWNERSHIP
(a) Thomas W. Smith - 5,840,051 shares; Scott J. Vassalluzzo -
3,760,782 shares;
(b) Thomas W. Smith - 6.5%; Scott J. Vassalluzzo - 4.2%
(c) Thomas W. Smith has (i) the sole power to vote or direct the
vote of 1,580,275 shares, (ii) the sole power to dispose or to
direct the disposition of 2,159,269 shares, and (iii) the
shared power to vote or to direct the vote and the shared
power to dispose or to direct the disposition of 3,680,782
shares. Scott J. Vassalluzzo has (i) the sole power to dispose
or to direct the disposition of 80,000 shares, and (ii) the
shared power to vote or to direct the vote and the shared
power to dispose or to direct the disposition of 3,680,782
shares. Voting and investment authority over investment
accounts established for the benefit of certain family members
and friends of the Reporting Persons is subject to each
beneficiary's right, if so provided, to terminate or otherwise
direct the disposition of the investment account.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
-5-
ITEM 10. CERTIFICATION
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
-6-
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.
Date: February 14, 2006
/s/ Thomas W. Smith
-------------------------------------
Thomas W. Smith
/s/ Scott J. Vassalluzzo
-------------------------------------
Scott J. Vassalluzzo
-7-
JOINT FILING AGREEMENT
The undersigned agree that the foregoing Statement on Schedule 13G,
dated February 14, 2006, is being filed with the Securities and Exchange
Commission on behalf of each of the undersigned pursuant to Rule 13d-1(k) Dated:
February 14, 2006
/s/ Thomas W. Smith
-------------------------------------
Thomas W. Smith
/s/ Scott J. Vassalluzzo
-------------------------------------
Scott J. Vassalluzzo