Filing Details

Accession Number:
0001169561-24-000053
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-17 20:01:48
Reporting Period:
2024-05-15
Accepted Time:
2024-05-17 20:01:48
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1169561 Commvault Systems Inc CVLT Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1560814 Gary Merrill 1 Commvault Way
Tinton Falls NJ 07724
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-05-15 16,400 $0.00 105,369 No 4 A Direct
Common Stock Acquisiton 2024-05-15 12,300 $0.00 117,669 No 4 A Direct
Common Stock Acquisiton 2024-05-15 12,300 $0.00 129,969 No 4 A Direct
Common Stock Acquisiton 2024-05-16 4,278 $0.00 134,247 No 4 A Direct
Common Stock Disposition 2024-05-16 6,040 $110.20 128,207 No 4 S Direct
Common Stock Disposition 2024-05-17 4,856 $110.91 123,351 No 4 S Direct
Common Stock Acquisiton 2024-05-17 2,519 $0.00 125,870 No 4 A Direct
Common Stock Disposition 2024-05-17 2,225 $110.65 123,645 No 4 S Direct
Common Stock Disposition 2024-05-17 1,321 $111.07 122,324 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 A Direct
No 4 A Direct
No 4 S Direct
No 4 S Direct
No 4 A Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. 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.
  2. The common stock is being granted as performance share units (PSUs), 1/3 of which will vest, 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.
  3. The common stock is being granted as performance share units (PSUs), which will vest, over a three year period based on the Company's achievement of certain financial performance metrics tied to revenue measures.
  4. Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2024 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 15, 2023.
  5. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.20 and $110.42, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
  7. Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2024 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 16, 2022.
  8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.09 and $110.99, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
  9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.00 and $111.16, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.