SEC Form 4 · accession 0001250902-16-000120
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
Aug 31, 2016
Accepted (ET)
Sep 2, 2016 · 8:08 pm 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 | Aug 31, 2016 | M | 11,010 | $16.33 | A | 382,447 | D | |
| Common StockF2 | Aug 31, 2016 | S | 11,010 | $165.65 | D | 371,437 | D | |
| Common StockF1,F2 | Sep 1, 2016 | M | 990 | $16.33 | A | 372,427 | D | |
| Common StockF2 | Sep 1, 2016 | S | 990 | $165.35 | D | 371,437 | D | |
| Common StockF1,F2 | Sep 2, 2016 | M | 12,000 | $16.33 | A | 383,437 | D | |
| Common StockF2 | Sep 2, 2016 | S | 12,000 | $168.45 | 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 | $16.33 | Aug 31, 2016 | M | 11,010 | D | — | Jun 15, 2019 | Common Stock | 11,010 | 12,990 | D |
| OptionF3 | $16.33 | Sep 1, 2016 | M | 990 | D | — | Jun 15, 2019 | Common Stock | 990 | 12,000 | D |
| OptionF3 | $16.33 | Sep 2, 2016 | M | 12,000 | D | — | Jun 15, 2019 | Common Stock | 12,000 | 0 | 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.