CARRIAGE SERVICES INC — Director's Dealing 2021

Mar 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2021-03-10

Reporting Person: Blinderman Viki K (Principal Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-10	Common Stock	M	25000	$22.58	Acquired	39225	Direct
2021-03-10	Common Stock	F	18285	$36.79	Disposed	20940	Direct
2021-03-10	Common Stock	M	12000	$20.06	Acquired	32940	Direct
2021-03-10	Common Stock	F	7351	$36.79	Disposed	25589	Direct
2021-03-10	Common Stock	M	27920	$26.54	Acquired	53509	Direct
2021-03-10	Common Stock	F	22457	$36.79	Disposed	31052	Direct
2021-03-10	Common Stock	M	15000	$25.43	Acquired	46052	Direct
2021-03-10	Common Stock	F	11740	$36.79	Disposed	34312	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-10	Stock Options	$22.58	M	25000	Disposed	2022-02-24	Common Stock (25000.0)	Direct
2021-03-10	Stock Options	$20.06	M	12000	Disposed	2026-02-23	Common Stock (12000.0)	Direct
2021-03-10	Stock Options	$26.54	M	27920	Disposed	2027-03-21	Common Stock (27920.0)	Direct
2021-03-10	Stock Options	$25.43	M	15000	Disposed	2028-02-14	Common Stock (15000.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Award	$	2024-12-31	Common Stock (13974.0)	13974	Direct

Footnotes

F1: Represents shares withheld on 3/10/2021 to cover the option price and tax liability associated with the exercise of stock options granted on 2/24/2015.

F2: Represents shares withheld on 3/10/2021 to cover the option price and tax liability associated with the exercise of stock options granted on 2/23/2016.

F3: Represents shares withheld on 3/10/2021 to cover the option price and tax liability associated with the exercise of stock options granted on 3/21/2017.

F4: Represents shares withheld on 3/10/2021 to cover the option price and tax liability associated with the exercise of stock options granted on 2/14/2018.

F5: Stock Option grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan granted on 2/24/2015. 25,000 vested options were exercised on 3/10/2021.

F6: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan granted on 2/23/2016. 12,000 vested options were exercised on 3/10/2021.

F7: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan granted on 3/21/2017 and 27,920 vested options were exercised on 3/10/2021. The remaining 6,980 options will vest on 3/21/2021.

F8: Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan granted on 2/14/2018. 15,000 vested options were exercised on 3/10/2021.

F9: 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.