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