SEC Form 4 · accession 0001710879-17-000008
TYLER TECHNOLOGIES INC · TYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Marr Jr.
Officer — CEO and Chairman of the Board · Director
Period of report
Aug 25, 2017
Accepted (ET)
Aug 29, 2017 · 2:51 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 25, 2017 | M | 11,373 | $21.11 | A | 350,830 | I | See footnote (2) |
| Common StockF3 | Aug 25, 2017 | S | 11,373 | $170.20 | D | 339,457 | I | See footnote (3) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF4 | $21.11 | Aug 25, 2017 | M | 11,373 | D | — | Dec 15, 2020 | Common Stock | 11,373 | 0 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 233,303 shares owned directly; (b) 28,000 owned indirectly, which are held in a descendant's trust in which Mr. Marr is deemed to have shared voting and/or dispositive power; and (c) 89,527 shares owned indirectly, which are 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). The reporting person disclaims beneficial ownership of the securities that are identified as owned indirectly except to the extent of his pecuniary interest therein.
- F3Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 221,930 shares owned directly; (b) 28,000 owned indirectly, which are held in a descendant's trust in which Mr. Marr is deemed to have shared voting and/or dispositive power; and (c) 89,527 shares owned indirectly, which are 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). The reporting person disclaims beneficial ownership of the securities that are identified as owned indirectly except to the extent of his pecuniary interest therein.
- F4Option has graded vesting. Date exercisable will vary with each vesting tranche.