SEC Form 4 · accession 0000310051-16-000054
TYLER TECHNOLOGIES INC · TYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luther King Jr.
Director
Period of report
Jun 2, 2016
Accepted (ET)
Jun 2, 2016 · 7:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000860731
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 2, 2016 | M | 5,000 | $15.00 | A | 68,852 | D | |
| Common StockF1 | Jun 2, 2016 | S | 483 | $155.61 | D | 68,369 | D | |
| Common Stock | Jun 2, 2016 | M | 5,000 | $15.69 | A | 73,369 | D | |
| Common StockF1 | Jun 2, 2016 | S | 405 | $155.567 | D | 72,964 | D | |
| Common StockF1 | Jun 2, 2016 | S | 100 | $155.49 | D | 72,864 | D | |
| Common StockF2 | holding | — | — | — | 189,389 | I | See footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF4,F3 | $15.00 | Jun 2, 2016 | M | 5,000 | D | — | May 15, 2018 | Common Stock | 5,000 | 32,500 | D |
| OptionF4,F5 | $15.69 | Jun 2, 2016 | M | 5,000 | D | — | May 14, 2019 | Common Stock | 5,000 | 27,500 | D |
Explanation of responses
- F1Shares sold to pay the aggregate exercise price of the corresponding stock options exercised.
- F2Represents shares of common stock held by clients of Luther King Capital Management Corporation, an investment advisory firm controlled by Mr. King. Mr. King expressly disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
- F3Option vested in three equal annual installments beginning May 15, 2009.
- F4Total vested options held as of the reporting date.
- F5Option vested in three equal annual installments beginning May 14, 2010.