Gary Merrill - Aug 13, 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
Aug 13, 2021
Transactions value $
-$295,282
Form type
4
Date filed
8/17/2021, 09:11 PM
Previous filing
May 26, 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 Award $3.75K +61.9 +2.12% $60.57 2.99K Aug 13, 2021 Direct F1
transaction CVLT Common Stock Sale -$4.63K -61.9 -2.07% $74.83 2.93K Aug 17, 2021 Direct
transaction CVLT Common Stock Sale -$82.1K -1.1K -37.54% $74.80 1.83K Aug 17, 2021 Direct F2
transaction CVLT Common Stock Options Exercise $129K +2.83K +154.95% $45.44 4.66K Aug 17, 2021 Direct
transaction CVLT Common Stock Sale -$212K -2.83K -60.78% $74.98 1.83K Aug 17, 2021 Direct F3

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 -$129K -2.83K -12.5% $45.44 19.8K Aug 17, 2021 Common Stock 2.83K $45.44 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were acquired under the Commvault Employee Stock Purchase Plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.77 to $74.81.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.91 to $75.03, inclusive.
F4 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.