CARRIAGE SERVICES INC — Director's Dealing 2015

Nov 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2015-11-06

Reporting Person: PAYNE MELVIN C (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-06	Common Stock	M	21200	$4.78	Acquired	1303343	Direct
2015-11-06	Common Stock	M	14000	$5.70	Acquired	1317343	Direct
2015-11-06	Common Stock	F	7508	$24.13	Disposed	1309835	Direct
2015-11-09	Common Stock	G	425	$23.35	Disposed	1309410	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-06	Stock Options	$4.78	M	21200	Disposed	2020-05-18	Common Stock (21200.0)	Direct
2015-11-06	Stock Options	$5.7	M	14000	Disposed	2021-02-28	Common Stock (14000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3518	Indirect
Common Stock	80270	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$22.58	2022-02-24	Common Stock (100000.0)	100000	Direct
Stock Options	$20.49	2019-03-03	Common Stock (100000.0)	100000	Direct
Stock Options	$16.73	2018-05-22	Common Stock (100000.0)	100000	Direct

Footnotes

F1: Represents the surrender of already-owned shares on November 6, 2015 to cover payment of option exercise price.

F2: Stock Options granted pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 05/18/2011, 1/3 vested on 5/18/2012 and 1/3 vested on 5/18/2013. These stock options expire on 5/18/2020.

F3: Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vest 1/3 on 02/28/2012, 1/3 on 02/28/2013 and 1/3 on 02/28/2014. These stock options expire on 02/28/2021.

F4: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which will vest 1/3 on 2/24/2016, 1/3 on 2/24/2017 and 1/3 on 2/24/2018. These stock options expire on 2/24/2022.

F5: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which will vest 1/3 on 3/3/2015, 1/3 on 3/3/2016 and 1/3 on 3/3/2017. These stock options expire on 3/3/2019.

F6: Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vest 1/3 on 05/22/2014, 1/3 on 05/22/2015 and 1/3 on 05/22/2016. These stock options expire on 05/22/2018.