Gary Merrill - 13 Aug 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
13 Aug 2021
Net transactions value
-$295,282
Form type
4
Filing time
17 Aug 2021, 21:11:43 UTC
Previous filing
26 May 2021
Next filing
19 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 Award $3,750 +62 +2.1% $60.57 2,987 13 Aug 2021 Direct F1
transaction CVLT Common Stock Sale $4,633 -62 -2.1% $74.83 2,925 17 Aug 2021 Direct
transaction CVLT Common Stock Sale $82,130 -1,098 -38% $74.80 1,827 17 Aug 2021 Direct F2
transaction CVLT Common Stock Options Exercise $128,641 +2,831 +155% $45.44 4,658 17 Aug 2021 Direct
transaction CVLT Common Stock Sale $212,268 -2,831 -61% $74.98 1,827 17 Aug 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 $128,641 -2,831 -12% $45.44 19,819 17 Aug 2021 Common Stock 2,831 $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.