Melvin C. Payne - Jun 4, 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
CEO, Director
Signature
/s/ Melvin C. Payne
Stock symbol
CSV
Transactions as of
Jun 4, 2021
Transactions value $
$508,357
Form type
4
Date filed
6/8/2021, 06:02 PM
Previous filing
May 27, 2021
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Options Exercise $429K +19K +1.54% $22.58 1.26M Jun 4, 2021 Direct
transaction CSV Common Stock Options Exercise $79.3K +3.96K +0.31% $20.06 1.26M Jun 4, 2021 Direct
holding CSV Common Stock 4.16K Jun 4, 2021 Melvin C. Payne, Jr. 2016 Annuity Trust
holding CSV Common Stock 4.16K Jun 4, 2021 Karen P. Payne 2016 Annuity Trust
holding CSV Common Stock 24.4K Jun 4, 2021 Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CSV Stock Options Options Exercise $0 -19K -19% $0.00 81K Jun 4, 2021 Common Stock 19K $22.58 Direct F1
transaction CSV Stock Options Options Exercise $0 -3.96K -6.76% $0.00 54.5K Jun 4, 2021 Common Stock 3.96K $20.06 Direct F2
holding CSV Stock Options 150K Jun 4, 2021 Common Stock 150K Direct F3
holding CSV Stock Options 150K Jun 4, 2021 Common Stock 150K $34.79 Direct F4
holding CSV Performance Award 55.9K Jun 4, 2021 Common Stock 55.9K Direct F5
holding CSV Stock Options 50K Jun 4, 2021 Common Stock 50K $25.43 Direct F6
holding CSV Stock Options 116K Jun 4, 2021 Common Stock 116K $26.54 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 2/24/2016, 1/3 on 2/24/2017, 1/3 on 2/24/2018 and 19,000 were exercised on 6/4/2021. These stock options expire on 2/24/2022.
F2 Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 2/23/2017, 1/5 on 2/23/2018, 1/5 on 2/23/2019, 1/5 on 2/23/2020, 1/5 on 2/23/2021 and 3,955 were exercised on 6/4/2021. These stock options expire on 2/23/2026.
F3 Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. 50,000 stock options would immediately vest upon the stock reaching a price of $55.39 per share and 100,000 stock options would immediately vest upon the stock reaching a price of $77.34 per share, as long as each price is reached for three consecutive trading days during the next 7 year period. These options expire on 2/17/2028.
F4 Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan that will vest in equal 20% increments each year over the next five years. These options expire on 2/17/2031.
F5 Represents performance awards, payable in shares on December 31, 2024 granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan. The award will vest (if at all) on December 31, 2024 provided that the Company's common stock reaches one of five pre-determined growth targets for a sustained period beginning on the grant date of May 19, 2020 and ending on December 31, 2024.
F6 Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which vested 1/5 on 2/14/2019, 1/5 on 2/14/2020, 1/5 on 2/14/2021 and 1/5 will vest on 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.
F7 Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 3/21/2018, 1/5 on 3/21/2019, 1/5 on 3/21/2020, 1/5 on 3/21/2021 and 1/5 will vest on 3/21/2022. These stock options expire on 3/21/2027.