CARRIAGE SERVICES INC — Director's Dealing 2021

Jun 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2021-06-23

Reporting Person: Phillips Shawn R (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-23	Common Stock	M	22674	$5.94	Acquired	101255	Direct
2021-06-23	Common Stock	S	1626	$36.48	Disposed	99629	Direct
2021-06-23	Common Stock	M	35000	$22.58	Acquired	134629	Direct
2021-06-23	Common Stock	S	30572	$36.48	Disposed	104057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-23	Stock Options	$5.94	M	22674	Disposed	2022-03-05	Common Stock (22674.0)	Direct
2021-06-23	Stock Options	$22.58	M	35000	Disposed	2022-02-24	Common Stock (35000.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$34.79	2031-02-17	Common Stock (50000.0)	50000	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 (16700.0)	16700	Direct
Performance Award	$	2024-12-31	Common Stock (13974.0)	13974	Direct

Footnotes

F1: Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 03/05/2013, 1/3 on 03/05/2014 and 1/3 on 03/05/2015. 22,674 options were exercised on 6/23/2021. These stock options expire on 03/05/2022.

F2: 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. 35,000 options were exercised on 6/23/2021. These stock options expire on 02/24/2022.

F3: Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan that will vest in equal 20% increments each year over the next five years. These options expire on 2/17/2031.

F4: 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, 1/5 vested on 2/14/2021 and 1/5 will vest on 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 on 3/21/2019, 1/5 on 3/21/2020, 1/5 on 3/21/2021 and 1/5 will vest on 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 vested 1/5 on 2/23/2017, 1/5 vested on 2/23/2018, 1/5 vested on 2/23/2019, 1/5 vested on 2/23/2020 and 1/5 vested on 2/23/2021. These stock options expire on 2/23/2026.

F7: 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.