Gary Merrill - 21 May 2021 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
Chief - Business Operations
Signature
Warren H. Mondschein, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
21 May 2021
Net transactions value
-$1,535,489
Form type
4
Filing time
25 May 2021, 21:58:07 UTC
Previous filing
19 May 2021
Next filing
26 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale $225,432 -3,176 -23% $70.98 10,704 21 May 2021 Direct F1
transaction CVLT Common Stock Options Exercise $678,840 +12,000 +112% $56.57 22,704 25 May 2021 Direct
transaction CVLT Common Stock Options Exercise $103,600 +2,000 +8.8% $51.80 24,704 25 May 2021 Direct
transaction CVLT Common Stock Sale $1,065,400 -14,000 -57% $76.10 10,704 25 May 2021 Direct F2
transaction CVLT Common Stock Tax liability $237,702 -3,290 -31% $72.25 7,414 25 May 2021 Direct F3
transaction CVLT Common Stock Tax liability $6,954 -94 -1.3% $73.98 7,320 25 May 2021 Direct F3, F4

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 CVLT Options to Purchase Common Stock Options Exercise $678,840 -12,000 -74% $56.57 4,270 25 May 2021 Common Stock 12,000 $56.57 Direct F5
transaction CVLT Options to Purchase Common Stock Options Exercise $103,600 -2,000 -100% $51.80 0 25 May 2021 Common Stock 2,000 $51.80 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.98 and 70.99 inclusive.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.53 and 76.28 inclusive.
F3 This sale of common stock was made to satisfy certain tax withholding obligations resulting from the vesting of restricted and performance stock units.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.92 and 74.05 inclusive.
F5 The options to purchase common stock are subject to a 4-year vesting schedule, as follows: 25% on the first anniversary of the grant with the remaining options vesting in equal quarterly installments thereafter.