SEC Form 4 · accession 0001710879-18-000022
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
May 18, 2018
Accepted (ET)
May 22, 2018 · 5:56 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 | May 18, 2018 | M | 2,112 | $54.45 | A | 52,298 | D | |
| Common StockF2 | May 18, 2018 | S | 2,112 | $227.46 | D | 50,186 | D | |
| Common StockF3 | May 21, 2018 | M | 1,888 | $54.45 | A | 52,074 | D | |
| Common Stock | May 21, 2018 | S | 1,888 | $228.50 | D | 50,186 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF4 | $54.45 | May 18, 2018 | M | 2,112 | A | — | Feb 11, 2023 | Common Stock | 2,112 | 7,888 | D |
| OptionF5 | $54.45 | May 21, 2018 | M | 1,888 | A | — | Feb 11, 2023 | Common Stock | 1,888 | 6,000 | D |
Explanation of responses
- F1Acquired through the exercise of options.
- F2Reflects the average sales price for the reported transaction ($227.46). The shares were sold in three transactions of 1,000 shares at a price of $227.34, 1,000 shares at a price of $227.44 and 112 shares at a price of $228.50.
- F3Acquired through the exercise of options.
- F4Option has graded vesting. Date exercisable will vary with each vesting tranche.
- F5Option has graded vesting. Date exercisable will vary with each vesting tranche.