Haigler Cliff 4
4 · CARRIAGE SERVICES INC · Filed Nov 5, 2012
Insider Transaction Report
Form 4
Haigler Cliff
Director Financial Reporting
Transactions
- Award
Performance Award
2012-11-01+25,000→ 25,000 totalExercise: $11.50Exp: 2017-11-01→ Common Stock (25,000 underlying) - Award
Common Stock
2012-11-01$11.22/sh+12,000$134,640→ 12,000 total
Footnotes (2)
- [F1]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 November 1, 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 November 1, 2013, then the vesting date of these awards will be November 1, 2013; provided that the Reporting Person has remained continuously employed by Carriage through such date.
- [F2]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 $11.50 per share.