SEC Form 4 · accession 0001250902-15-000059
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
Nov 16, 2015
Accepted (ET)
Nov 17, 2015 · 11:28 am 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,F2 | Nov 16, 2015 | M | 6,666 | $15.00 | A | 435,312 | D | |
| Common StockF1,F2 | Nov 16, 2015 | M | 6,000 | $16.33 | A | 441,312 | D | |
| Common StockF1,F2 | Nov 16, 2015 | M | 105 | $19.20 | A | 441,417 | 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 | Nov 16, 2015 | M | 6,666 | D | — | May 15, 2018 | Common Stock | 6,666 | 128,297 | D |
| OptionF3 | $16.33 | Nov 16, 2015 | M | 6,000 | D | — | Jun 15, 2019 | Common Stock | 6,000 | 24,000 | D |
| Common StockF3 | $19.20 | Nov 16, 2015 | M | 105 | D | — | Dec 15, 2019 | Common Stock | 105 | 29,895 | D |
Explanation of responses
- F1Acquired through the exercise of stock options
- 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) 119,527 shares held in a partnership in which Mr. Marr is the general partner. The partnership is owned 99% by a trust, in which Mr. Marr's children are the beneficiaries, and 1% by the general partner.
- F3Option has graded vesting. Date exercisable will vary with each vesting tranche.