SEC Form 4 · accession 0001710879-18-000027
TYLER TECHNOLOGIES INC · TYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Marr Jr.
Officer — Executive Chairman · Director
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 5:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000860731
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1 | $231.68 | Jun 1, 2018 | A | 11,250 | A | — | Jun 1, 2028 | Common Stock | 11,250 | 11,250 | D |
| Performance-based Restricted Stock UnitF2,F3 | — | Jun 1, 2018 | A | 7,500 | A | — | — | Common Stock | 7,500 | 7,500 | D |
Explanation of responses
- F1Option has graded vesting. Date exercisable will vary with each vesting tranche.
- F2Each performance-based restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F3Vesting is subject to the Issuer's achievement of performance goals based upon cumulative revenue growth over a three-year performance period ending on December 31, 2020 and continued employment through March 1, 2021. The number of vested units will be settled by the Issuer in Issuer common stock on such date. The stated number of units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of units vested may range from 0% to 120% of the stated number of units awarded.