Gary B. Smith - Aug 5, 2021 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
Director
Signature
Warren H. Mondschein, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
Aug 5, 2021
Transactions value $
-$1,410,810
Form type
4
Date filed
8/9/2021, 05:12 PM
Previous filing
Aug 5, 2021
Next filing
Aug 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Options Exercise $312K +7.5K +15.24% $41.55 56.7K Aug 5, 2021 Direct
transaction CVLT Common Stock Options Exercise $320K +6K +10.58% $53.41 62.7K Aug 5, 2021 Direct
transaction CVLT Common Stock Options Exercise $234K +5K +7.97% $46.70 67.7K Aug 5, 2021 Direct
transaction CVLT Common Stock Sale -$1.41M -18.5K -27.32% $76.26 49.2K Aug 5, 2021 Direct F1

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 -$312K -7.5K -100% $41.55 0 Aug 5, 2021 Common Stock 7.5K $41.55 Direct F2
transaction CVLT Options to Purchase Common Stock Options Exercise -$320K -6K -100% $53.41 0 Aug 5, 2021 Common Stock 6K $53.41 Direct F2
transaction CVLT Options to Purchase Common Stock Options Exercise -$234K -5K -100% $46.70 0 Aug 5, 2021 Common Stock 5K $46.70 Direct F2
* 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 $76.13 and $76.45, inclusive.
F2 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.