COMMVAULT SYSTEMS INC — Director's Dealing 2021

Feb 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2021-02-11

Reporting Person: Whalen James J. (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-11	Common Stock	M	1400	$45.39	Acquired	26201	Direct
2021-02-11	Common Stock	S	1400	$70.35	Disposed	24801	Direct
2021-02-11	Common Stock	M	1504	$45.44	Acquired	26305	Direct
2021-02-11	Common Stock	S	1504	$70.35	Disposed	24801	Direct
2021-02-12	Common Stock	A	367.1272	$36.09	Acquired	25168.1272	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-11	Options to Purchase Common Stock	$45.39	M	1400	Disposed	2025-03-13	Common Stock (1400)	Direct
2021-02-11	Options to Purchase Common Stock	$45.44	M	1504	Disposed	2024-10-14	Common Stock (1504)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.32 and 70.35 inclusive.

F2: Shares were acquired under the Commvault Employee Stock Purchase Plan on February 12, 2021.

F3: The common stock is being granted as restricted stock units and are subject to a 4-year vesting schedule, as follows: 25% on the first anniversary of the grant with the remaining portion vesting in equal quarterly installments thereafter.