SEC Form 4 · accession 0001209191-18-025571
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
Apr 17, 2018
Accepted (ET)
Apr 19, 2018 · 4:27 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 | Apr 17, 2018 | M | 5,484 | $26.83 | A | 88,418 | D | |
| Common StockF1 | Apr 17, 2018 | S | 5,484 | $69.90 | D | 82,934 | D | |
| Common StockF2 | Apr 17, 2018 | F | 817 | $68.50 | D | 82,117 | 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,F3 | $26.83 | Apr 17, 2018 | M | 5,484 | D | — | Oct 14, 2020 | Common Stock | 5,484 | 18,453 | 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.
- F2This sale of common stock was made to satisfy certain tax withholding obligations resulting from the vesting of restricted stock units.
- F3The 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.