SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CLEMONS V GORDON

(Last) (First) (Middle)
5128 APACHE PLUME ROAD, SUITE 400

(Street)
FORT WORTH TX 75109

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CORVEL CORP [ CRVL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2022
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 470,587(1)(2) I Spouse Living Trust
Common Stock 900,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On March 18, 2022 the reporting person filed a Form 4 (the "March 18 Form 4") reporting three transactions pursuant to which the Marie Eve Clemons Living Trust, of which the reporting person is a trustee, disposed of shares of the Issuer's common stock. One such reported transaction consisted of the disposition of 1,000 shares of common stock on March 18, 2022 for a per share price of $172.00 (the "Cancelled Transaction"). The Cancelled Transaction was subsequently cancelled by the broker, without any action on the part of the reporting person, and therefore did not occur for purposes of the reporting person's account. As of March 18, 2022, following confirmation of the Cancelled Transaction and settlement of the two remaining transactions reported on the March 18 Form 4, the reporting person indirectly owned 470,587 shares of the Issuer's common stock.The reporting person disclaims beneficial ownership to these securities, and this report shall not be deemed an admission
2. (Continued Footnote 2) that the reporting person is the beneficial owner of such securities for Section 16 purposes.
Remarks:
V. Gordon Clemons, By: /s/ Sharon O'Connor, Attorney-in-Fact for V. Gordon Clemons 03/25/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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