SEC Form 4 · accession 0001710879-17-000018
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
Nov 21, 2017
Accepted (ET)
Nov 22, 2017 · 12:00 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 | Nov 21, 2017 | M | 5,000 | $68.17 | A | 55,694 | D | |
| Common StockF2 | Nov 21, 2017 | S | 5,000 | $176.86 | 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 | $68.17 | Nov 21, 2017 | M | 5,000 | D | — | Jun 14, 2023 | Common Stock | 5,000 | 8,700 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Reflects the average sales price for the reported transactions ($176.86). The shares were sold in three transactions of 2,500 shares at a price of $176.30, 1,500 shares at a price of $177.15, and 1,000 shares at a price of $177.81.
- F3Option has graded vesting. Date exercisable will vary with each vesting tranche.