SEC Form 4 · accession 0001710879-17-000013
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
Sep 14, 2017
Accepted (ET)
Sep 18, 2017 · 1:21 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 | Sep 14, 2017 | M | 2,500 | $54.50 | A | 53,194 | D | |
| Common Stock | Sep 14, 2017 | S | 2,500 | $169.06 | D | 50,694 | D | |
| Common StockF2 | Sep 15, 2017 | M | 1,760 | $54.45 | A | 52,454 | D | |
| Common StockF3 | Sep 15, 2017 | M | 5,500 | $68.17 | A | 57,954 | D | |
| Common StockF4 | Sep 15, 2017 | S | 7,260 | $168.9884 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF5 | $54.45 | Sep 14, 2017 | M | 2,500 | D | — | Feb 11, 2023 | Common Stock | 2,500 | 25,760 | D |
| OptionF6 | $54.45 | Sep 15, 2017 | M | 1,760 | D | — | Feb 11, 2023 | Common Stock | 1,760 | 24,000 | D |
| OptionF7 | $68.17 | Sep 15, 2017 | M | 5,500 | D | — | Jun 14, 2023 | Common Stock | 5,500 | 13,700 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Acquired through the exercise of options.
- F3Acquired through the exercise of options.
- F4Reflects the average sales price for the reported transactions ($168.9884). The shares were sold in four transactions of 1,500 shares at a price of $168.67, 2,500 shares at a price of $169.03, 1,760 shares at a price of $169.08, and 1,500 shares at a price of $169.13.
- F5Option has graded vesting. Date exercisable will vary with each vesting tranche.
- F6Option has graded vesting. Date exercisable will vary with each vesting tranche.
- F7Option has graded vesting. Date exercisable will vary with each vesting tranche.