/c/ Shawn R. Phillips - 23 Jun 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: Senior Vice President
Signature: /s/ Shawn R. Phillips
Issuer symbol: CSV
Transactions as of: 23 Jun 2021
Net transactions value: -$1,174,583
Form type: 4
Filing time: 24 Jun 2021, 16:34:31 UTC
Next filing: 30 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSV	Common Stock	Options Exercise	$134,684	+22,674	+29%	$5.94	101,255	23 Jun 2021	Direct
transaction	CSV	Common Stock	Sale	$59,316	-1,626	-1.6%	$36.48	99,629	23 Jun 2021	Direct
transaction	CSV	Common Stock	Options Exercise	$790,300	+35,000	+35%	$22.58	134,629	23 Jun 2021	Direct
transaction	CSV	Common Stock	Sale	$1,115,267	-30,572	-23%	$36.48	104,057	23 Jun 2021	Direct

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	$134,684	-22,674	-100%	$5.94	0	23 Jun 2021	Common Stock	22,674	$5.94	Direct	F1
transaction	CSV	Stock Options	Options Exercise	$790,300	-35,000	-100%	$22.58	0	23 Jun 2021	Common Stock	35,000	$22.58	Direct	F2
holding	CSV	Stock Options						50,000	23 Jun 2021	Common Stock	50,000	$34.79	Direct	F3
holding	CSV	Stock Options						16,610	23 Jun 2021	Common Stock	16,610	$25.43	Direct	F4
holding	CSV	Stock Options						38,600	23 Jun 2021	Common Stock	38,600	$26.54	Direct	F5
holding	CSV	Stock Options						16,700	23 Jun 2021	Common Stock	16,700	$20.06	Direct	F6
holding	CSV	Performance Award						13,974	23 Jun 2021	Common Stock	13,974		Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 03/05/2013, 1/3 on 03/05/2014 and 1/3 on 03/05/2015. 22,674 options were exercised on 6/23/2021. These stock options expire on 03/05/2022.
F2	Stock Option grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 2/24/2016, 1/3 on 2/24/2017 and 1/3 on 2/24/2018. 35,000 options were exercised on 6/23/2021. These stock options expire on 02/24/2022.
F3	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.
F4	Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested on 2/14/2019, 1/5 vested on 2/14/2020, 1/5 vested on 2/14/2021 and 1/5 will vest on 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.
F5	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.
F6	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 vested on 2/23/2018, 1/5 vested on 2/23/2019, 1/5 vested on 2/23/2020 and 1/5 vested on 2/23/2021. These stock options expire on 2/23/2026.
F7	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.