SEC Form 4 · accession 0001250902-15-000074
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
Dec 1, 2015
Accepted (ET)
Dec 4, 2015 · 9:24 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 | Dec 1, 2015 | S | 20,000 | $177.05 | D | 393,417 | D | |
| Common StockF2,F1 | Dec 2, 2015 | M | 15,000 | $15.00 | A | 408,417 | D | |
| Common StockF1 | Dec 2, 2015 | S | 15,000 | $178.48 | D | 393,417 | D | |
| Common StockF2,F1 | Dec 2, 2015 | M | 6,020 | $16.61 | A | 399,437 | D | |
| Common StockF1 | Dec 3, 2015 | S | 18,000 | $177.21 | D | 381,437 | 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 | Dec 2, 2015 | M | 15,000 | D | — | May 15, 2018 | Common Stock | 15,000 | 65,797 | D |
| OptionF3 | $16.61 | Dec 2, 2015 | M | 6,020 | D | — | Jun 15, 2020 | Common Stock | 6,020 | 29,980 | D |
Explanation of responses
- F1Includes 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) 99,527 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.
- F2Acquired through the exercise of stock options.
- F3Option has graded vesting. Date exercisable will vary with each vesting tranche.