CARRIAGE SERVICES INC — Director's Dealing 2012

Aug 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2012-08-22

Reporting Person: PAYNE MELVIN C (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-22	Common Stock	G	50000	$8.83	Disposed	1470383	Direct
2012-08-23	Common Stock	S	600	$8.80	Disposed	41200	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3818	Indirect

Footnotes

F1: Mr. Payne is making a one-time gift of 20,000 CSV shares to Preston Payne, his son, age 26, for the purpose of financing his two year graduate studies; and a one-time gift of 30,000 CSV shares to Sumner Payne, his daughter, age 18, for the purpose of financing her four year undergraduate studies. His children will each take out student loans to provide primary financing for their education, and after their graduation, will sell only sufficient CSV shares to repay in full their respective loans, in each case retaining the appreciated value of their CSV shares, if any, after graduation.