Gary Merrill - May 17, 2021 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
Chief - Business Operations
Signature
Warren H. Mondschein, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
May 17, 2021
Transactions value $
-$78,723
Form type
4
Date filed
5/19/2021, 05:10 PM
Next filing
May 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Award $0 +7.52K $0.00 7.52K May 17, 2021 Direct F1
transaction CVLT Common Stock Award $0 +3.76K +50% $0.00 11.3K May 17, 2021 Direct F2
transaction CVLT Common Stock Award $0 +3.76K +33.33% $0.00 15K May 17, 2021 Direct F3
transaction CVLT Common Stock Tax liability -$78.7K -1.17K -7.76% $67.40 13.9K May 18, 2021 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 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.
F2 The common stock is being granted as performance share units (PSUs), 1/3 of which will vest, if at all, on each of the first, second and third anniversaries of the grant date of the award, if on such dates the Company's total shareholder return satisfies specified benchmarks relative to Russell 3000 index.
F3 The common stock is being granted as performance share units (PSUs), which will vest, if at all, over a three year period based on the Company's achievement of certain financial performance metrics tied to EBIT and revenue measures.
F4 This sale of common stock was made to satisfy certain tax withholding obligations resulting from the vesting of restricted stock units.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.29 and 68.14 inclusive.