SEC Form 4 · accession 0001209191-19-010612
COMMVAULT SYSTEMS INC · CVLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Al Bunte
Officer — Executive Vice President & COO · Director
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 4:30 pm EST
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 | Feb 13, 2019 | F | 536 | $67.59 | D | 486,177 | D | |
| Common StockF1 | Feb 14, 2019 | F | 1,001 | $67.68 | D | 485,176 | D | |
| Common Stock | Feb 14, 2019 | M | 64,167 | $22.59 | A | 549,343 | D | |
| Common StockF2 | Feb 14, 2019 | S | 64,167 | $67.82 | D | 485,176 | D | |
| Common StockF3 | Feb 14, 2019 | A | 245 | $55.17 | A | 485,421 | 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 | $22.59 | Feb 14, 2019 | M | 64,167 | D | — | Dec 14, 2019 | Common Stock | 64,167 | 0 | D |
Explanation of responses
- F1This sale of common stock was made to satisfy certain tax withholding obligations resulting from the vesting of restricted stock units.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.43 to $68.03 inclusive.
- F3Shares were acquired under the Commvault Employee Stock Purchase Plan on Feb. 14, 2019.
- F4The options vested over 4 years from the date of grant, as follows: 25% on the first anniversary of the grant, quarterly thereafter for the remaining three years.