CARRIAGE SERVICES INC — Director's Dealing 2019

Jun 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2019-06-07

Reporting Person: PAYNE MELVIN C (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-07	Common Stock	J	6411	—	Disposed	11446	Indirect
2019-06-07	Common Stock	J	6411	—	Acquired	1308074	Direct
2019-06-07	Common Stock	J	6411	—	Disposed	11446	Indirect
2019-06-07	Common Stock	J	6411	—	Acquired	17072	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Award	$	2023-12-31	Common Stock (100000.0)	100000	Direct
Stock Options	$25.43	2028-02-14	Common Stock (50000.0)	50000	Direct
Stock Options	$26.54	2027-03-21	Common Stock (116100.0)	116100	Direct
Stock Options	$20.06	2026-02-23	Common Stock (58500.0)	58500	Direct
Stock Options	$22.58	2022-02-24	Common Stock (100000.0)	100000	Direct
Stock Options	$5.7	2021-02-28	Common Stock (3284.0)	3284	Direct

Footnotes

F1: On June 7, 2019, the reporting person transferred 6,411 shares of Common Stock from the Grantor Retained Annuity Trust (GRAT) in Mel Payne's name to his individual account.

F2: On June 7, 2019, the reporting person transferred 6,411 shares of Common Stock from the Grantor Retained Annuity Trust (GRAT) in Karen Payne's name to her individual account.

F3: 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.

F4: 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.

F5: 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 vested 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.

F6: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which 1/5 vested on 2/23/2017, 1/5 on 2/23/2018, 1/5 vested 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.

F7: Stock Options granted pursuant to the Carriage Services, Inc. Second 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 2/24/2022.

F8: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan of 44,702 options granted on 02/28/2011, of which 14,900 options vested on 02/28/2012 and 3,283 were exercised on 12/20/2012, 14,901 options vested on 02/28/2013 and 14,000 were exercised on 11/06/2015 and 24,135 options were exercised on 03/29/2016. These stock options expire on 02/28/2021.