COMMVAULT SYSTEMS INC — Director's Dealing 2021

Jan 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMVAULT SYSTEMS INC (CVLT)
CIK: 0001169561
Period of Report: 2021-01-20

Reporting Person: CAROLAN BRIAN (VP Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-20	Common Stock	M	7305	$41.55	Acquired	157261.6051	Direct
2021-01-20	Common Stock	S	7305	$59.90	Disposed	149956.6051	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-20	Options to Purchase Common Stock	$41.55	M	7305	Disposed	2021-10-14	Common Stock (7305)	Direct

Footnotes

F1: All transactions shown on this form have taken place pursuant to a pre-arranged trading plan in compliance with Rule 10b5-1 of the Securities and Exchange Act of 1934.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.90 and 59.91 inclusive.

F3: 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.