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Filing Details

Accession Number:: 0001016281-21-000205
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-01 16:40:13
Reporting Period:: 2021-11-29

Accepted Time:: 2021-12-01 16:40:13
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
1024177	C Melvin Payne	3040 Post Oak Blvd Suite 300 Houston TX 77056	Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2021-11-29	1,100	$53.86	1,255,119	No	4	G	Direct
Common Stock	Disposition	2021-11-30	3,075	$51.74	1,252,044	No	4	G	Direct
Common Stock	Acquisiton	2021-11-30	81,000	$22.58	1,333,044	No	4	M	Direct
Common Stock	Disposition	2021-11-30	54,227	$51.74	1,278,817	No	4	F	Direct
Common Stock	Disposition	2021-11-30	26,500	$51.33	1,252,317	No	4	S	Direct
Common Stock	Disposition	2021-12-01	273	$52.63	1,252,044	No	4	S	Direct
Common Stock	Disposition	2021-12-01	1,000	$52.09	1,251,044	No	4	G	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	G	Direct
No	4	G	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	G	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options	Disposition	2021-11-30	81,000	$22.58	81,000	$22.58

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2022-02-24	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,164	Indirect	Melvin C. Payne, Jr. 2016 Annuity Trust
Common Stock	4,164	Indirect	Karen P. Payne 2016 Annuity Trust
Common Stock	24,354	Indirect	Spouse

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options	$0.00	2031-02-17	150,000	150,000	Direct
Common Stock	Stock Options	$34.79	2031-02-17	150,000	150,000	Direct
Common Stock	Performance Award	$0.00	2024-12-31	55,897	55,897	Direct
Common Stock	Stock Options	$25.43	2028-02-14	50,000	50,000	Direct
Common Stock	Stock Options	$26.54	2027-03-21	116,100	116,100	Direct
Common Stock	Stock Options	$20.06	2026-02-23	54,545	54,545	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2031-02-17	150,000	150,000	Direct
2031-02-17	150,000	150,000	Direct
2024-12-31	55,897	55,897	Direct
2028-02-14	50,000	50,000	Direct
2027-03-21	116,100	116,100	Direct
2026-02-23	54,545	54,545	Direct

Footnotes

Represents shares withheld on 11/30/2021 to cover the option price and taxes associated with the exercise of stock options.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.88 to $51.79, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price.
Stock Options granted pursuant to the Carriage Services, Inc. Second 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. 81,000 options were exercised on 11/30/2021. These stock options expire on 2/24/2022.
Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. 50,000 stock options would immediately vest upon the stock reaching a price of $55.39 per share and 100,000 stock options would immediately vest upon the stock reaching a price of $77.34 per share, as long as each price is reached for three consecutive trading days during the next 7 year period. These options expire on 2/17/2028.
Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan that will vest in equal 20% increments each year over the next five years. These options expire on 2/17/2031.
Represents performance awards, payable in shares on December 31, 2024 granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan. The award will vest (if at all) on December 31, 2024 provided that the Company's common stock reaches one of five pre-determined growth targets for a sustained period beginning on the grant date of May 19, 2020 and ending on December 31, 2024.
Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which vested 1/5 on 2/14/2019, 1/5 on 2/14/2020, 1/5 on 2/14/2021 and 1/5 will vest on 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.
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, 1/5 on 3/21/2019, 1/5 on 3/21/2020, 1/5 on 3/21/2021 and 1/5 will vest on 3/21/2022. These stock options expire on 3/21/2027.
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, 1/5 on 2/23/2019, 1/5 on 2/23/2020 and 1/5 on 2/23/2021. These stock options expire on 2/23/2026.