SEC Form 4 · accession 0001710879-17-000009
TYLER TECHNOLOGIES INC · TYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian K Miller
Officer — Executive VP and CFO
Period of report
Aug 25, 2017
Accepted (ET)
Aug 29, 2017 · 8:01 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 | Aug 25, 2017 | M | 6,000 | $39.36 | A | 56,694 | D | |
| Common StockF2 | Aug 25, 2017 | S | 6,000 | $170.3791 | D | 50,694 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF3 | $39.36 | Aug 25, 2017 | M | 6,000 | D | — | Jun 15, 2022 | Common Stock | 6,000 | 3,460 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Reflects the average sales price for the reported transactions ($170.3791). The shares were sold in multiple transactions at prices ranging from $170.26 to $170.48 inclusive. The reporting person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified.
- F3Option has graded vesting. Date exercisable will vary with each vesting tranche.