Filing Details

Accession Number:
0001016281-18-000125
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-11-08 17:40:30
Reporting Period:
2018-11-07
Accepted Time:
2018-11-08 17:40:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1016281 Carriage Services Inc CSV Services-Personal Services (7200) 760423828
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1643336 Benjamin Carl Brink 28634 Pleasant Forest Drive
Katy TX 77494
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 2018-11-07 3,500 $15.79 20,583 No 4 P Direct
Common Stock Acquisiton 2018-11-08 1,000 $17.05 21,583 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Options $25.43 2028-02-14 15,000 15,000 Direct
Common Stock Performance Award $0.00 2022-12-31 7,980 7,980 Direct
Common Stock Stock Options $26.54 2027-03-21 34,900 34,900 Direct
Common Stock Performance Award $0.00 2021-12-31 7,920 7,920 Direct
Common Stock Stock Options $20.06 2026-02-23 10,000 10,000 Direct
Common Stock Performance Award $0.00 2020-12-31 3,100 3,100 Direct
Common Stock Stock Options $22.58 2022-02-24 22,000 22,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2028-02-14 15,000 15,000 Direct
2022-12-31 7,980 7,980 Direct
2027-03-21 34,900 34,900 Direct
2021-12-31 7,920 7,920 Direct
2026-02-23 10,000 10,000 Direct
2020-12-31 3,100 3,100 Direct
2022-02-24 22,000 22,000 Direct
Footnotes
  1. 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.
  2. 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.
  3. Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 3/21/2018 and 1/5 will vest each year on 3/21/2019, 3/21/2020, 3/21/2021 and 3/21/2022. These stock options expire on 3/21/2027.
  4. 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.
  5. 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 1/5 will vest on 2/23/2019, 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.
  6. 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.
  7. 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.