SEC Form 4 · accession 0001240085-18-000006
TYLER TECHNOLOGIES INC · TYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian K Miller
Officer — Executive VP and CFO
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 12:51 pm EST
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 | Mar 6, 2018 | M | 5,000 | $54.45 | A | 55,114 | D | |
| Common StockF2 | Mar 6, 2018 | S | 5,000 | $210.54 | D | 50,114 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF3 | $54.45 | Mar 6, 2018 | M | 5,000 | D | — | Feb 11, 2023 | Common Stock | 5,000 | 19,000 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Reflects the average sales price for the reported transactions ($210.54). The shares were sold in two transactions of 3,000 shares at a price of $210.00 and 2,000 shares at a price of $211.34.
- F3Option has graded vesting. Date exercisable will vary with each vesting tranche.