SEC Form 4 · accession 0001240085-17-000013
TYLER TECHNOLOGIES INC · TYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian K Miller
Officer — Chief Financial Officer
Period of report
May 19, 2017
Accepted (ET)
May 23, 2017 · 4:13 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 StockF1 | May 19, 2017 | M | 8,000 | $54.45 | A | 55,044 | D | |
| Common StockF2 | May 19, 2017 | S | 8,000 | $168.8568 | D | 47,044 | D | |
| Common StockF3 | May 22, 2017 | M | 5,000 | $54.45 | A | 52,044 | D | |
| Common StockF4 | May 22, 2017 | S | 5,000 | $170.3356 | D | 47,044 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF5 | $54.45 | May 19, 2017 | M | 8,000 | D | — | Feb 11, 2023 | Common Stock | 8,000 | 44,000 | D |
| OptionF6 | $54.45 | May 22, 2017 | M | 5,000 | D | — | Feb 11, 2023 | Common Stock | 5,000 | 39,000 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Reflects the average sales price for the reported transactions ($168.8568). The shares were sold in multiple transactions at prices ranging from $168.67 to $168.95 inclusive. The reporting person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified.
- F3Acquired through the exercise of options.
- F4Reflects the average sales price for the reported transactions ($170.3356). The shares were sold in multiple transactions at prices ranging from $170.29 to $170.38 inclusive. The reporting person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified.
- F5Option has graded vesting. Date exercisable will vary with each vesting tranche.
- F6Option has graded vesting. Date exercisable will vary with each vesting tranche.