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CARRIAGE SERVICES INC — Director's Dealing 2021
Mar 12, 2021
32526_dirs_2021-03-12_21eaf058-7339-431e-a44a-f683e78cae2a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2021-03-11
Reporting Person: Olaniyan Adeola (Principal Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-11 | Common Stock | M | 2340 | $20.06 | Acquired | 7829 | Direct |
| 2021-03-11 | Common Stock | F | 1279 | $36.70 | Disposed | 6550 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-11 | Stock Options | $20.06 | M | 2340 | Disposed | 2026-02-23 | Common Stock (2340.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $26.54 | 2027-03-21 | Common Stock (5900.0) | 5900 | Direct |
| Performance Award | $ | 2024-12-31 | Common Stock (6987.0) | 6987 | Direct |
| Stock Options | $34.79 | 2031-02-17 | Common Stock (12000.0) | 12000 | Direct |
Footnotes
F1: Represents shares withheld on 3/11/2021 to cover the option price associated with the exercise of stock options granted on 2/23/2016.
F2: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan of 3,900 of which 1,560 vested and have been exercised. The remaining 2,340 vested options and were exercised on 3/11/2021.
F3: 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, 3/21/2019 and 3/21/2020 and 1/5 will vest each year on 3/21/2021 and 3/21/2022. These stock options expire on 3/21/2027.
F4: 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.
F5: Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan will vest 1/5 each year on 2/17/2022, 2/17/2023, 2/17/2024, 2/17/2025 and 2/17/2026. The options expire on 2/17/2031.