COMMVAULT SYSTEMS INC — Director's Dealing 2019

May 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2019-05-14

Reporting Person: CAROLAN BRIAN (VP Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-14	Common Stock	A	6758	$0.00	Acquired	94585.8469	Direct
2019-05-14	Common Stock	F	4448	$48.88	Disposed	90137.8469	Direct
2019-05-15	Common Stock	A	19287	$0.00	Acquired	109424.8469	Direct

Footnotes

F1: These shares represent vesting of previously granted performance share units.

F2: This sale of common stock was made to satisfy certain tax withholding obligations resulting from the vesting of restricted and performance stock units.

F3: 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.