COMMVAULT SYSTEMS INC — Director's Dealing 2018

May 22, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2018-05-16

Reporting Person: Merrill Gary (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-16	Common Stock	A	3603	—	Acquired	21537	Direct
2018-05-18	Common Stock	S	2363	$68.28	Disposed	19174	Direct
2018-05-18	Common Stock	M	11111	$26.83	Acquired	30285	Direct
2018-05-18	Common Stock	S	11111	$68.24	Disposed	19174	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-18	Options to Purchase Common Stock	$26.83	M	11111	Disposed	2020-10-14	Common Stock (11111)	Direct

Footnotes

F1: The common stock is being granted as restricted stock units and is subject to a 3-year vesting schedule, as follows: 1/3 on the first anniversary of the grant with the remaining portion vesting in equal quarterly installments thereafter.

F2: Not applicable.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.00 to $68.45 inclusive.

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.