SEC Form 4 · accession 0001710879-18-000041
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
Aug 13, 2018
Accepted (ET)
Aug 15, 2018 · 3:41 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,F2 | Aug 13, 2018 | M | 12,000 | $54.45 | A | 308,930 | I | See footnote (2) |
| Common StockF3 | Aug 13, 2018 | S | 12,000 | $232.8238 | D | 296,930 | I | See footnote (3) |
| Common StockF4,F5 | Aug 14, 2018 | M | 12,000 | $54.45 | A | 308,930 | I | See footnote (5) |
| Common StockF6 | Aug 14, 2018 | S | 12,000 | $230.9538 | D | 296,930 | I | See footnote (6) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF7 | $54.45 | Aug 13, 2018 | M | 12,000 | D | — | Feb 11, 2023 | Common Stock | 12,000 | 212,000 | D |
| OptionF8 | $54.45 | Aug 14, 2018 | M | 12,000 | D | — | Feb 11, 2023 | Common Stock | 12,000 | 200,000 | D |
Explanation of responses
- F1Acquired through the exercise of stock options.
- F2Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 233,930 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.
- F3Includes 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.
- F4Acquired through the exercise of stock options.
- F5Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 233,930 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.
- F6Includes 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.
- F7Option has graded vesting. Date exercisable will vary with each vesting tranche.
- F8Option has graded vesting. Date exercisable will vary with each vesting tranche.