COMMVAULT SYSTEMS INC — Director's Dealing 2021

Apr 10, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2021-04-06

Reporting Person: Merrill Gary (Chief - Business Operations)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9952	Direct
Common Stock	301	Direct
Common Stock	150	Direct
Common Stock	600	Direct
Common Stock	4185	Direct
Common Stock	840	Direct
Common Stock	1339	Direct
Common Stock	423	Direct
Common Stock	10288	Direct
Common Stock	10288	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to Purchase Common Stock	$45.44	2024-10-14	Common Stock (2831)		Direct
Options to Purchase Common Stock	$87.20	2023-10-14	Common Stock (22566)		Direct
Options to Purchase Common Stock	$56.57	2022-10-12	Common Stock (16270)		Direct
Options to Purchase Common Stock	$51.80	2022-03-14	Common Stock (2000)		Direct

Footnotes

F1: The common stock was granted on 5/15/18 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: The common stock was granted on 5/15/18 as performance share units (PSUs), 1/3 of which will vest, if at all, on each of the first, second and third anniversaries of the grant based on the achievement of certain annual pre-determined performance metrics.

F3: The common stock was granted on 5/15/18 as performance share units (PSUs), 1/3 of which will vest, if at all, on each of the first, second and third anniversaries of the grant date of the award, if on such dates the Company's total shareholder return satisfies specified benchmarks relative to Russell 3000 index.

F4: The common stock was granted on 5/15/19 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.

F5: The common stock was granted on 5/15/19 as performance share units (PSUs), 1/3 of which will vest, if at all, on each of the first, second and third anniversaries of the grant based on the achievement of certain annual pre-determined performance metrics.

F6: The common stock was granted on 5/15/19 as performance share units (PSUs), 1/3 of which will vest, if at all, on each of the first, second and third anniversaries of the grant date of the award, if on such dates the Company's total shareholder return satisfies specified benchmarks relative to Russell 3000 index.

F7: The common stock was granted on 11/15/19 as performance share units (PSUs), 1/3 of which will vest, if at all, on each of the first, second and third anniversaries of the grant based on the achievement of certain annual pre-determined performance metrics.

F8: The common stock was granted on 5/22/20 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.

F9: The common stock was granted on 5/22/20 as performance share units (PSUs), 1/3 of which will vest, if at all, on each of the first, second and third anniversaries of the grant date of the award, if on such dates the Company's total shareholder return satisfies specified benchmarks relative to Russell 3000 index.

F10: 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.