CARRIAGE SERVICES INC — Director's Dealing 2020

May 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2020-05-19

Reporting Person: Loeffel Michael (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-19	Performance Award	$	A	13974	Acquired	2024-12-31	Common Stock (13974.0)	Direct
2020-05-19	Performance Award	$	D	9000	Disposed	2024-12-31	Common Stock (9000.0)	Direct
2020-05-19	Performance Award	$	D	10500	Disposed	2023-12-31	Common Stock (10500.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17587	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$25.43	2028-02-14	Common Stock (9600.0)	9600	Direct

Footnotes

F1: Represents performance awards, payable in shares on December 31, 2024 granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan. The award will vest (if at all) on December 31, 2024 provided that the Company's common stock reaches one of five pre-determined growth targets for a sustained period beginning on the grant date of May 19, 2020 and ending on December 31, 2024

F2: Represents performance awards originally granted on February 19, 2020 and canceled by mutual agreement of the reporting person and the Issuer on May 19, 2020.

F3: Represents performance awards originally granted on February 20, 2019 and canceled by mutual agreement of the reporting person and the Issuer on May 19, 2020.

F4: Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested on 2/14/2019 and 2/14/2020 and 1/5 will vest each year on 2/14/2021, 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.