SEC Form 4 · accession 0001710879-18-000017

TYLER TECHNOLOGIES INC · TYL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

John S Marr Jr.

Director

Period of report

May 14, 2018

Accepted (ET)

May 16, 2018 · 2:38 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 Stock^F1	May 14, 2018	S	7,500	$229.43	D	304,430	I	See footnote (1)
Common Stock^F2	May 14, 2018	S	7,500	$231.35	D	296,930	I	See footnote (2)
Common Stock^F3,F4	May 15, 2018	M	15,000	$54.45	A	311,930	I	See footnote (4)
Common Stock^F5	May 15, 2018	S	15,000	$226.16	D	296,930	I	See footnote (5)

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option^F6	$54.45	May 15, 2018	M	15,000	D	—	Feb 11, 2023	Common Stock	15,000	302,100	D

Explanation of responses

F1Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 221,930 shares owned directly; (b) 15,500 shares 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) 67,000 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.
F2Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 221,930 shares owned directly; (b) 15,500 shares 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) 59,500 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.
F3Acquired through the exercise of options.
F4Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 236,930 shares owned directly; (b) 15,500 shares 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) 59,500 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.
F5Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 221,930 shares owned directly; (b) 15,500 shares 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) 59,500 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.
F6Option has graded vesting. Date exercisable will vary with each vesting tranche.