COMMVAULT SYSTEMS INC — Director's Dealing 2017

Jul 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2017-07-17

Reporting Person: CAROLAN BRIAN (VP Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-17	Common Stock	M	4000	$11.12	Acquired	79792.7083	Direct
2017-07-17	Common Stock	S	4000	$59.90	Disposed	75792.7083	Direct
2017-07-17	Common Stock	F	930	$58.10	Disposed	74862.7083	Direct
2017-07-18	Common Stock	F	392	$59.10	Disposed	74470.7083	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-17	Options to Purchase Common Stock	$11.12	M	4000	Disposed	2018-12-12	Common Stock (4000)	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: This sale of common stock was made to satisfy certain tax withholding obligations resulting from the vesting of restricted stock units.

F3: Represents average sale price.

F4: 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.