Keith Geeslin - 14 Jul 2021 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role: Director
Signature: Warren H. Mondschein, Attorney-in-Fact
Issuer symbol: CVLT
Transactions as of: 14 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 16 Jul 2021, 17:15:41 UTC
Previous filing: 11 Jun 2021
Next filing: 24 Aug 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	Options Exercise	$311,625	+7,500	+17%	$41.55	51,613	14 Jul 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	CVLT	Options to Purchase Common Stock	Options Exercise	$311,625	-7,500	-100%	$41.55	0	14 Jul 2021	Common Stock	7,500	$41.55	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The options vested over 4 years from the date of grant, as follows: 25% on the first anniversary of the grant, quarterly thereafter for the remaining three years.