CARRIAGE SERVICES INC — Director's Dealing 2019

Nov 22, 2019

SEC Form 4/A — Form 4/A

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2019-09-13

Reporting Person: Brink Carl Benjamin (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-13	Common Stock	S	935	$22.78	Disposed	18179	Direct
2019-09-13	Common Stock	S	100	$22.78	Disposed	18079	Direct
2019-09-13	Common Stock	S	79	$22.78	Disposed	18000	Direct
2019-09-13	Common Stock	S	2146	$22.77	Disposed	15854	Direct
2019-09-13	Common Stock	P	350	$22.77	Acquired	16204	Direct
2019-09-13	Common Stock	P	1975	$22.77	Acquired	4412	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Award	$	2023-12-31	Common Stock (10500.0)	10500	Direct
Stock Options	$25.43	2028-02-14	Common Stock (15000.0)	15000	Direct
Stock Options	$26.54	2027-03-21	Common Stock (34900.0)	34900	Direct
Stock Options	$20.06	2026-02-23	Common Stock (10000.0)	10000	Direct
Stock Options	$22.58	2022-02-24	Common Stock (22000.0)	22000	Direct

Footnotes

F1: The reporting person's sale of common stock in this transaction was matchable under Section 16(b)of the Securities Exchange Act of 1934, as amended (the "Exchange Act") to the extent of 935 shares with the reporting person's purchase of 935 shares of common stock at a price of $22.77 on September 13, 2019. No recoverable profit for purposes of Section 16(b) of the Exchange Act was realized from such sale because transaction costs of the transaction exceeded the gross profit of the transaction.

F2: The reporting person's sale of common stock in this transaction was matchable under Section 16(b)of the Securities Exchange Act of 1934, as amended (the "Exchange Act") to the extent of 100 shares with the reporting person's purchase of 100 shares of common stock at a price of $22.77 on September 13, 2019. No recoverable profit for purposes of Section 16(b) of the Exchange Act was realized from such sale because transaction costs of the transaction exceeded the gross profit of the transaction.

F3: The reporting person's sale of common stock in this transaction was matchable under Section 16(b)of the Securities Exchange Act of 1934, as amended (the "Exchange Act") to the extent of 79 shares with the reporting person's purchase of 79 shares of common stock at a price of $22.77 on September 13, 2019. No recoverable profit for purposes of Section 16(b) of the Exchange Act was realized from such sale because transaction costs of the transaction exceeded the gross profit of the transaction.

F4: The reporting person's sale of common stock in this transaction was matchable under Section 16(b)of the Securities Exchange Act of 1934, as amended (the "Exchange Act") to the extent of 1,211 shares with the reporting person's purchase of 1,211 shares of common stock at a price of $22.77 on September 13, 2019. No recoverable profit for purposes of Section 16(b) of the Exchange Act was realized from such sale.

F5: Represents performance awards, payable in shares, granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan. The award will vest (if at all) on December 31, 2023 provided that certain criteria surrounding share price performance is achieved and the Reporting Person has remained continuously employed by Carriage through such date.

F6: Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested on 2/14/2019 and 1/5 will vest on 2/14/2020, 2/14/2021, 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.

F7: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 3/21/2018, 1/5 on 3/21/2019 and 1/5 will vest each year on 3/21/2020, 3/21/2021 and 3/21/2022. These stock options expire on 3/21/2027.

F8: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 2/23/2017, 1/5 on 2/23/2018, 1/5 on 2/23/2019 and 1/5 will vest on 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.

F9: Stock Option grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 2/24/2016, 1/3 on 2/24/2017 and 1/3 on 2/24/2018. These stock options expire on 02/24/2022.