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

Role
Chief - Business Operations
Signature
Warren H. Mondschein, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
May 21, 2021
Transactions value $
-$1,535,489
Form type
4
Date filed
5/25/2021, 09:58 PM
Previous filing
May 19, 2021
Next filing
May 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale -$225K -3.18K -22.88% $70.98 10.7K May 21, 2021 Direct F1
transaction CVLT Common Stock Options Exercise $679K +12K +112.11% $56.57 22.7K May 25, 2021 Direct
transaction CVLT Common Stock Options Exercise $104K +2K +8.81% $51.80 24.7K May 25, 2021 Direct
transaction CVLT Common Stock Sale -$1.07M -14K -56.67% $76.10 10.7K May 25, 2021 Direct F2
transaction CVLT Common Stock Tax liability -$238K -3.29K -30.74% $72.25 7.41K May 25, 2021 Direct F3
transaction CVLT Common Stock Tax liability -$6.95K -94 -1.27% $73.98 7.32K May 25, 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 -$679K -12K -73.76% $56.57 4.27K May 25, 2021 Common Stock 12K $56.57 Direct F5
transaction CVLT Options to Purchase Common Stock Options Exercise -$104K -2K -100% $51.80 0 May 25, 2021 Common Stock 2K $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.