SEC Form 4 · accession 0001710879-17-000011
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 31, 2017
Accepted (ET)
Sep 5, 2017 · 4:09 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 31, 2017 | M | 4,500 | $54.45 | A | 55,194 | D | |
| Common StockF2 | Aug 31, 2017 | S | 4,500 | $172.89 | 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 | $54.45 | Aug 31, 2017 | M | 4,500 | D | — | Feb 11, 2023 | Common Stock | 4,500 | 33,260 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Reflects the average sales price for the reported transactions ($172.89). The shares were sold in two transactions of 2,000 shares at a price of $172.44 and 2,500 shares at a price of $173.25.
- F3Option has graded vesting. Date exercisable will vary with each vesting tranche.