SEC Form 4 · accession 0001209191-18-032325
COMMVAULT SYSTEMS INC · CVLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Merrill
Officer — Chief Accounting Officer
Period of report
May 16, 2018
Accepted (ET)
May 22, 2018 · 4:50 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,F2 | May 16, 2018 | A | 3,603 | — | A | 21,537 | D | |
| Common Stock | May 18, 2018 | S | 2,363 | $68.28 | D | 19,174 | D | |
| Common Stock | May 18, 2018 | M | 11,111 | $26.83 | A | 30,285 | D | |
| Common StockF3 | May 18, 2018 | S | 11,111 | $68.24 | D | 19,174 | 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 StockF4 | $26.83 | May 18, 2018 | M | 11,111 | D | — | Oct 14, 2020 | Common Stock | 11,111 | 0 | D |
Explanation of responses
- F1The 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.
- F2Not applicable.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.00 to $68.45 inclusive.
- 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.