SEC Form 4 · accession 0001209191-16-119977
COMMVAULT SYSTEMS INC · CVLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Carolan
Officer — VP Finance and CFO
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001169561
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 11, 2016 | M | 4,000 | $12.74 | A | 81,504 | D | |
| Common StockF1 | May 11, 2016 | S | 4,000 | $43.80 | D | 77,504 | D | |
| Common StockF2,F3 | May 13, 2016 | A | 17,216 | — | A | 94,720 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Purchase Common StockF1,F4 | $12.74 | May 11, 2016 | M | 4,000 | D | — | Jul 27, 2016 | Common Stock | 4,000 | 0 | D |
Explanation of responses
- F1This transaction has taken place pursuant to a pre-arranged trading plan in compliance with Rule 10b5-1 of the Securities and Exchange Act of 1934.
- F2The common stock is being granted as restricted stock units and is subject to a 3-year vesting schedule, as follows: 1/3 on the first anniversary of the grant with the remaining portion vesting in equal quarterly installments thereafter.
- F3Not applicable.
- F4The 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.