SEC Form 4 · accession 0001250902-15-000080
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 9, 2015
Accepted (ET)
Dec 11, 2015 · 3:46 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,F2 | Dec 9, 2015 | M | 10,900 | $15.00 | A | 392,337 | D | |
| Common StockF2 | Dec 9, 2015 | S | 10,900 | $176.89 | D | 381,437 | D | |
| Common StockF1,F2 | Dec 10, 2015 | M | 6,000 | $15.00 | A | 387,437 | D | |
| Common StockF2 | Dec 10, 2015 | S | 6,000 | $173.98 | D | 381,437 | D | |
| Common StockF2 | Dec 10, 2015 | S | 10,000 | $174.02 | D | 371,437 | 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 9, 2015 | M | 10,900 | D | — | May 15, 2018 | Common Stock | 10,900 | 54,897 | D |
| Common StockF3 | $15.00 | Dec 10, 2015 | M | 6,000 | D | — | May 15, 2018 | Common Stock | 6,000 | 48,897 | 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) 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.
- F3Option has graded vesting. Date exercisable will vary with each vesting tranche.