Bruce Mark R 4

Accession 0001016281-18-000042

CIK 0001016281other

View on SEC.gov Company Profile

Filed

Mar 11, 8:00 PM ET

Accepted

Mar 12, 6:38 PM ET

Size

26.5 KB

Accession

0001016281-18-000042

Insider Transaction Report

Form 4

Period: 2018-03-09

CARRIAGE SERVICES INCCSV

Bruce Mark R

Other

Transactions

Exercise/Conversion
Common Stock
2018-03-09$16.73/sh+30,000$501,900→ 36,650 total
Tax Payment
Common Stock
2018-03-09$28.05/sh−21,099$591,827→ 15,551 total
Exercise/Conversion
Stock Options
2018-03-09−30,000→ 0 total
Exercise: $16.73Exp: 2018-05-22→ Common Stock (30,000 underlying)

Holdings

Stock Options
Exercise: $25.43Exp: 2028-02-14→ Common Stock (25,000 underlying)
25,000
Stock Options
Exercise: $20.26Exp: 2019-02-25→ Common Stock (40,000 underlying)
40,000
Stock Options
Exercise: $20.06Exp: 2026-02-23→ Common Stock (18,500 underlying)
18,500
Stock Options
Exercise: $5.94Exp: 2022-03-05→ Common Stock (26,289 underlying)
26,289
Stock Options
Exercise: $5.70Exp: 2021-02-28→ Common Stock (17,913 underlying)
17,913
Stock Options
Exercise: $4.78Exp: 2020-05-18→ Common Stock (17,530 underlying)
17,530
Performance Award
Exp: 2022-12-31→ Common Stock (13,300 underlying)
13,300
Stock Options
Exercise: $26.54Exp: 2027-03-21→ Common Stock (58,100 underlying)
58,100
Performance Award
Exp: 2021-12-31→ Common Stock (13,190 underlying)
13,190
Performance Award
Exp: 2020-12-31→ Common Stock (5,800 underlying)
5,800
Stock Options
Exercise: $22.58Exp: 2022-02-24→ Common Stock (40,000 underlying)
40,000
Common Stock
(indirect: By Spouse)
30,940

Footnotes (13)

[F1]Represents shares withheld on 03/09/2018 to cover option price and the tax liability associated with the exercise of stock options granted on 05/22/2013.
[F10]Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 2/23/2017, 1/5 on 2/23/2018 and will vest 1/5 on 2/23/2019, 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.
[F11]Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 03/05/2013, 1/3 on 03/05/2014 and 1/3 on 03/05/2015. These stock options expire on 03/05/2022.
[F12]Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 02/28/2012, 1/3 on 02/28/2013 and 1/3 on 02/28/2014. These stock options expire on 02/28/2021.
[F13]Stock Options granted pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 05/18/2011, 1/3 on 5/18/2012 and 1/3 on 5/18/2013. These stock options expire on 5/18/2020.
[F2]Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 05/22/2014, 1/3 on 05/22/2015 and 1/3 on 05/22/2016. These stock options expire on 05/22/2018. All 30,000 stock options were exercised on 03/09/2018.
[F3]Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which will vest 1/5 on 2/14/2019, 2/14/2020, 2/14/2021, 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.
[F4]Represents performance-based awards, payable in shares, granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan. The award will vest (if at all) on December 31, 2022 provided that certain criteria surrounding Adjusted Consolidated EBITDA (Adjusted Earnings Before Interest Tax Depreciation and Amortization) and Adjusted Consolidated EBITDA Margin performance is achieved and the Reporting Person has remained continuously employed by Carriage through such date. The Adjusted Consolidated EBITDA performance represents 50% of the award and the Adjusted Consolidated EBITDA Margin performance represents 50% of the award.
[F5]Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which will vest 1/5 each year on 3/21/2018, 3/21/2019, 3/21/2020, 3/21/2021 and 3/21/2022. These stock options expire on 3/21/2027.
[F6]Represents performance-based awards, payable in shares, granted under the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan. The award will vest (if at all) on December 31, 2021 provided that certain criteria surrounding Adjusted Consolidated EBITDA (Adjusted Earnings Before Interest Tax Depreciation and Amortization) and Adjusted Consolidated EBITDA Margin performance is achieved and the Reporting Person has remained continuously employed by Carriage through such date. The Adjusted Consolidated EBITDA performance represents 50% of the award and the Adjusted Consolidated EBITDA Margin performance represents 50% of the award.
[F7]Stock Option grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 2/25/2015, 1/3 on 2/25/2016 and 1/3 on 2/25/2017. These stock options expire on 02/25/2019.
[F8]Represents performance-based awards, payable in shares, granted under the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan. The award will vest (if at all) on December 31, 2020 provided that certain criteria surrounding Adjusted Consolidated EBITDA (Adjusted Earnings Before Interest Tax Depreciation and Amortization) and Relative Shareholder Return performance is achieved and the Reporting Person has remained continuously employed by Carriage through such date. The Relative Shareholder Return performance represents 75% of the award and the Adjusted Consolidated EBITDA performance represents 25% of the award.
[F9]Stock Option grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 2/24/2016, 1/3 on 2/24/2017 and 1/3 on 2/24/2018. These stock options expire on 02/24/2022.

Documents

1 file

4
wf-form4_152089429406447.xmlPrimary
FORM 4

Issuer

CARRIAGE SERVICES INC

CIK 0001016281

→

Entity typeother

Related Parties

filerCIK 0001456516

Filing Metadata

Form type: 4
Filed: Mar 11, 8:00 PM ET
Accepted: Mar 12, 6:38 PM ET
Size: 26.5 KB

View on SEC.gov