SEC Form 4 · accession 0001250902-15-000020
TYLER TECHNOLOGIES INC · TYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Marr Jr.
Officer — President and CEO · Director
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 6:45 am 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,F2 | May 18, 2015 | M | 40,000 | — | A | 472,396 | D | |
| Common StockF2 | May 18, 2015 | S | 40,000 | $122.42 | D | 432,396 | D | |
| Common StockF1,F2 | May 19, 2015 | M | 30,000 | — | A | 462,396 | D | |
| Common StockF2 | May 19, 2015 | S | 30,000 | $123.00 | D | 432,396 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF3 | $15.00 | May 18, 2015 | M | 40,000 | D | — | May 15, 2018 | Common Stock | 40,000 | 240,000 | D |
| OptionF3 | $15.00 | May 19, 2015 | M | 30,000 | D | — | May 15, 2018 | Common Stock | 30,000 | 210,000 | D |
Explanation of responses
- F1Acquired through the exercise of stock options with an exercise price of $15 per share.
- F2Includes indirect ownership of: (a) 28,000 shares held in a descendant's trust in which Mr. Marr is deemed to have shared voting power; and (b) 120,277 shares held in a partnership in which Mr. Marr is the general partner and is deemed to have sole voting and investment power. The partnership is owned 99% by a trust, in which Mr. Marr's children are the beneficiaries, and 1% by the general partner.
- F3Option had graded vesting from May 15, 2009 through May 15, 2013. Date exercisable will vary with each vesting tranche.