CARRIAGE SERVICES INC — Director's Dealing 2011

Nov 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2011-11-14

Reporting Person: PAYNE MELVIN C (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-14	Common Stock	S	2500	$5.7722	Disposed	1514140	Direct
2011-11-15	Common Stock	S	4600	$5.717	Disposed	1509540	Direct
2011-11-14	Common Stock	F	2906	$5.799	Disposed	1506634	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4818	Indirect
Common Stock	10800	Indirect

Footnotes

F1: The 2500 shares sold on 11/14/2011 and 4600 shares sold on 11/15/2011 were sold in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2: Represents 2,906 shares withheld on November 14,2011 to cover taxes associated with the vesting of shares granted on November 12, 2009 to the Reporting Person under the Carriage Services Long-Term Incentive Plan.