CARRIAGE SERVICES INC — Director's Dealing 2020

Feb 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2020-02-14

Reporting Person: Elliott Paul Donald (Sr. VP and Regional Partner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	S	436	$24.55	Disposed	24498	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6029	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 (16610.0)	16610	Direct
Stock Options	$26.54	2027-03-21	Common Stock (38600.0)	38600	Direct
Stock Options	$20.06	2026-02-23	Common Stock (17300.0)	17300	Direct
Stock Options	$22.58	2022-02-24	Common Stock (38000.0)	38000	Direct

Footnotes

F1: Represents shares withheld on February 14, 2020 to cover taxes associated with the vesting of shares of restricted stock granted on February 14, 2018.

F2: 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.

F3: Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested on 2/14/2019, 1/5 vested on 2/14/2020 and 1/5 will vest on 2/14/2021, 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.

F4: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which 1/5 vested on 3/21/2018, 1/5 vested on 3/21/2019 and 1/5 will vest on 3/21/2020, 3/21/2021 and 3/21/2022. These stock options expire on 3/21/2027.

F5: 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 vested on 2/23/18, 1/5 vested on 2/23/19 and will vest 1/5 on 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.

F6: 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.