CARRIAGE SERVICES INC 4
4 · CARRIAGE SERVICES INC · Filed Feb 25, 2016
Insider Transaction Report
Form 4
DECARLO DAVID J
Director
Transactions
- Award
Stock Options
2016-02-23+46,100→ 46,100 totalExercise: $20.44Exp: 2026-02-23→ Common Stock (46,100 underlying) - Award
Performance Award
2016-02-23+14,200→ 14,200 totalExp: 2020-12-31→ Common Stock (14,200 underlying)
Holdings
- 106,635
Common Stock
- 60,329(indirect: By Trust)
Common Stock
- 100,000
Stock Options
Exercise: $22.58Exp: 2022-02-24→ Common Stock (100,000 underlying) - 100,000
Stock Options
Exercise: $20.49Exp: 2019-03-03→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]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 2/23/2017, 2/23/2018, 2/23/2019, 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.
- [F2]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.
- [F3]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 will vest on 2/24/2017 and 1/3 on 2/24/2018. These stock options expire on 02/24/2022.
- [F4]Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 3/3/2015, 1/3 will vest on 3/3/2016 and 1/3 on 3/3/2017. These stock options expire on 3/3/2019.