(e) On November 2, 2009, CorVel Corporation granted performance options to its (i) President and Chief Executive Officer, Daniel J. Starck, (ii) its Chief Financial Officer, Scott R. McCloud, (iii) its Chief Information Officer, Donald C. McFarlane and (iv) its Vice President of Sales, Diane J. Blaha, to purchase 20,000 shares, 6,000 shares, 8,000 shares and 8,000 shares, respectively, of CorVel's common stock under and pursuant to the terms of the CorVel Restated Omnibus Incentive Plan (Formerly the Restated 1988 Executive Stock Option Plan). These performance options will vest based on the achievement of certain performance criteria, approved by CorVel's Board of Directors and Compensation Committee, relating to certain earnings per share targets in calendar years 2010, 2011 and 2012. The exercise price of the options equaled the closing price of CorVel's common stock as quoted by the Nasdaq Global Select Market on the date of grant.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Shell Company Transactions. Not applicable.

(d) Exhibits.

Exhibit No.    Description of Exhibit

10.1†          Stock Option Agreement granted November 2, 2009 by and between CorVel
               Corporation and Daniel J. Starck, providing for performance vesting.

10.2†          Stock Option Agreement granted November 2, 2009 by and between CorVel
               Corporation and Scott R. McCloud, providing for performance vesting.

10.3†          Stock Option Agreement granted November 2, 2009 by and between CorVel
               Corporation and Donald C. McFarlane, providing for performance vesting.

10.4†          Stock Option Agreement granted November 2, 2009 by and between CorVel
               Corporation and Diane J. Blaha, providing for performance vesting.

† Confidential treatment has been requested for certain confidential portions of this exhibit pursuant to Rule 24b-2 under the Securities Exchange Act of 1934. In accordance with Rule 24b-2, these confidential portions have been omitted from this exhibit and filed separately with the Securities and Exchange Commission.