HEILIGBRODT L WILLIAM 4
4 · CARRIAGE SERVICES INC · Filed May 24, 2013
Insider Transaction Report
Form 4
HEILIGBRODT L WILLIAM
Director
Transactions
- Award
Stock Options
2013-05-22+100,000→ 100,000 totalExercise: $16.73Exp: 2018-05-22→ Common Stock (100,000 underlying)
Holdings
- 320,000
Performance Award
Exercise: $9.00Exp: 2017-08-02→ Common Stock (320,000 underlying) - 220,918
Common Stock
- 94,627(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vest 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.
- [F2]Represents performance-based stock awards granted under the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan. The award will vest (if at all) on or before August 2, 2017 on the date on which the closing price of Carriage's Common Stock is greater than or equal to $21.50 for the third time, whether or not consecutive, within a period of 30 consecutive calendar days. If these conditions are satisfied on or prior to the first anniversary of the grant date, which is August 2, 2013, then the vesting date of these awards will be August 2, 2013; provided that the Reporting Person has remained continuously employed by Carriage through such date.
- [F3]The award represents the right of the Reporting Person to receive shares of Carriage Common Stock in exchange for payment of a purchase price equal to $9.00 per share.