Form 4 for CVLT COMMVAULT SYSTEMS INC

Accepted 2022-05-18 00:00:00 ET · period of report 2022-05-16 · accession 0001209191-22-030203 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2022-05-18	2022-05-16	CVLT	Mirchandani Sanjay	Pres, CEO, Dir	A - Grant	$0.00	+155.5K	432.7K	+56%	$0
	2022-05-18	2022-05-17	CVLT	Mirchandani Sanjay	Pres, CEO, Dir	S - Sale	$61.46	-16.1K	494.3K	-3%	-$992.0K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-05-16	A	A	38,866	$0.00	471,557.62	D	—	—	(F2) The common stock is being granted as performance share units (PSUs), which will vest, over a three year period based on the Company's achievement of certain financial performance metrics tied to revenue measures.
2	Common	Common Stock	2022-05-17	S	D	16,141	$61.46	494,282.62	D	—	—	(F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.32 and $61.63, inclusive.
3	Common	Common Stock	2022-05-16	A	A	38,866	$0.00	510,423.62	D	—	—	(F3) The common stock is being granted as performance share units (PSUs), 1/3 of which will vest, 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.
4	Common	Common Stock	2022-05-16	A	A	77,733	$0.00	432,691.62	D	—	—	(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.