COMMVAULT SYSTEMS INC — Director's Dealing 2013

Mar 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2013-03-14

Reporting Person: CAROLAN BRIAN (VP Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-14	Common Stock	M	2000	$6.70	Acquired	32641	Direct
2013-03-14	Common Stock	S	2000	$82.00	Disposed	30641	Direct
2013-03-14	Common Stock	M	3000	$6.70	Acquired	33641	Direct
2013-03-14	Common Stock	S	3000	$84.00	Disposed	30641	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-14	Options to Purchase Common Stock	$6.70	M	3000	Disposed	2015-11-03	Common Stock (3000)	Direct
2013-03-14	Options to Purchase Common Stock	$6.70	M	2000	Disposed	2015-11-03	Common Stock (2000)	Direct
2013-03-14	Options to Purchase Common Stock	$77.57	A	12000	Acquired	2023-03-14	Common Stock (12000)	Direct

Footnotes

F1: This transaction has taken place pursuant to a pre-arranged trading plan in compliance with Rule 10b5-1 of the Securities and Exchange Act of 1934.

F2: The options to purchase common stock are subject to a 4-year vesting schedule, as follows: 25% on the first anniversary of the grant with the remaining options vesting in equal quarterly installments thereafter.

F3: The options to purchase common stock shall vest 100% on the third anniversary of the grant.

F4: Not applicable.