COMMVAULT SYSTEMS INC — Director's Dealing 2021

Aug 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2021-08-13

Reporting Person: Merrill Gary (Chief - Business Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-13	Common Stock	A	61.9117	$60.57	Acquired	2986.9117	Direct
2021-08-17	Common Stock	S	61.9117	$74.83	Disposed	2925	Direct
2021-08-17	Common Stock	S	1098	$74.80	Disposed	1827	Direct
2021-08-17	Common Stock	M	2831	$45.44	Acquired	4658	Direct
2021-08-17	Common Stock	S	2831	$74.98	Disposed	1827	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-17	Options to Purchase Common Stock	$45.44	M	2831	Disposed	2024-10-14	Common Stock (2831)	Direct

Footnotes

F1: Shares were acquired under the Commvault Employee Stock Purchase Plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.77 to $74.81.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.91 to $75.03, 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.