0001169561-24-000053.txt : 20240517
0001169561-24-000053.hdr.sgml : 20240517
20240517200148
ACCESSION NUMBER: 0001169561-24-000053
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240515
FILED AS OF DATE: 20240517
DATE AS OF CHANGE: 20240517
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Merrill Gary
CENTRAL INDEX KEY: 0001560814
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33026
FILM NUMBER: 24962089
MAIL ADDRESS:
STREET 1: 2 CRESCENT PLACE
CITY: OCEANPORT
STATE: NJ
ZIP: 07757
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COMMVAULT SYSTEMS INC
CENTRAL INDEX KEY: 0001169561
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 1 COMMVAULT WAY
CITY: TINTON FALLS
STATE: NJ
ZIP: 07724
BUSINESS PHONE: 732-870-4000
MAIL ADDRESS:
STREET 1: 1 COMMVAULT WAY
CITY: TINTON FALLS
STATE: NJ
ZIP: 07724
4
1
wk-form4_1715990498.xml
FORM 4
X0508
4
2024-05-15
0
0001169561
COMMVAULT SYSTEMS INC
CVLT
0001560814
Merrill Gary
1 COMMVAULT WAY
TINTON FALLS
NJ
07724
0
1
0
0
Chief Financial Officer
1
Common Stock
2024-05-15
4
A
0
16400
0
A
105369
D
Common Stock
2024-05-15
4
A
0
12300
0
A
117669
D
Common Stock
2024-05-15
4
A
0
12300
0
A
129969
D
Common Stock
2024-05-16
4
A
0
4278
0
A
134247
D
Common Stock
2024-05-16
4
S
0
6040
110.20
D
128207
D
Common Stock
2024-05-17
4
S
0
4856
110.91
D
123351
D
Common Stock
2024-05-17
4
A
0
2519
0
A
125870
D
Common Stock
2024-05-17
4
S
0
2225
110.65
D
123645
D
Common Stock
2024-05-17
4
S
0
1321
111.07
D
122324
D
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.
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.
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.
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.
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.
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.
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.
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.
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.
/s/ Danielle Abrahamsen, Attorney-in-Fact
2024-05-17