Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Elliott Paul Donald	2. Issuer Name and Ticker or Trading Symbol CARRIAGE SERVICES INC [ CSV ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Sr. VP and Regional Partner
(Last) (First) (Middle) 3040 POST OAK BLVD., SUITE 300	3. Date of Earliest Transaction (MM/DD/YYYY) 12/16/2020
(Street) HOUSTON, TX 77056 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/16/2020		M		8000	A	$22.58	33474	D
Common Stock	12/16/2020		F		6783 ⁽¹⁾	D	$29.77	26691	D
Common Stock	12/16/2020		S		1217	D	$29.12	25474	D
Common Stock								6029	I	Joint with spouse

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$22.58	12/16/2020		M			8000	⁽²⁾	2/24/2022	Common Stock	8000.0	$0	18832	D
Stock Options	$25.43							⁽³⁾	2/14/2028	Common Stock	16610.0		16610	D
Stock Options	$26.54							⁽⁴⁾	3/21/2027	Common Stock	38600.0		38600	D
Stock Options	$20.06							⁽⁵⁾	2/23/2026	Common Stock	17300.0		17300	D
Performance Award	⁽⁶⁾							⁽⁶⁾	12/31/2024	Common Stock	13974.0		13974	D

Explanation of Responses:
(1)	Represents shares withheld on 12/16/2020 to cover the option price and tax liability associated with the exercise of stock options granted on 02/24/2015.
(2)	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, 2/24/2017 and 2/24/2018. 2,918 shares were exercised on 12/11/2020, 8,250 shares were exercised on 12/14/2020 and 8,000 shares were exercised on 12/16/2020. These stock options expire on 02/24/2022.
(3)	Stock Options granted pursuant to Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested on 2/14/2019 and 2/24/2020 and 1/5 will vest on 2/14/2021, 2/14/2022 and 2/14/2023. The options will expire on 2/14/2028.
(4)	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, 3/21/2019 and 3/21/2020 and 1/5 will vest on 3/21/2021 and 3/21/2022. These stock options expire on 3/21/2027.
(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, 2/23/2018, 2/23/2019 and 2/23/2020 and 1/5 will vest on 2/23/2021. These stock options expire on 2/23/2026.
(6)	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.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Elliott Paul Donald 3040 POST OAK BLVD. SUITE 300 HOUSTON, TX 77056				Sr. VP and Regional Partner