SEC Form 4 · accession 0001250902-16-000145
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 13, 2016
Accepted (ET)
Dec 15, 2016 · 7:33 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 13, 2016 | M | 20,000 | $19.20 | A | 391,437 | D | |
| Common StockF2 | Dec 13, 2016 | S | 20,000 | $145.62 | D | 371,437 | D | |
| Common StockF2 | Dec 13, 2016 | G | 14,000 | $148.80 | D | 357,437 | D | |
| Common StockF1,F2 | Dec 14, 2016 | M | 9,895 | $19.20 | A | 367,332 | D | |
| Common StockF2 | Dec 14, 2016 | S | 9,895 | $148.85 | D | 357,437 | D | |
| Common StockF2 | Dec 15, 2016 | G | 14,000 | $148.95 | D | 343,437 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF4 | $19.20 | Dec 13, 2016 | M | 20,000 | D | — | Dec 15, 2019 | Common Stock | 20,000 | 9,895 | D |
| OptionF4 | $19.20 | Dec 14, 2016 | M | 9,895 | D | — | Dec 15, 2019 | Common Stock | 9,895 | 0 | D |
Explanation of responses
- F1Acquired through the exercise of stock options
- F2Includes indirect ownership o: (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.
- F3Shares donated to a charitable trust
- F4Option has graded vesting. Date exercisable will vary with each vesting tranche.