SEC Form 4 · accession 0001710879-18-000042
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
Aug 13, 2018
Accepted (ET)
Aug 15, 2018 · 4:10 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 | Aug 13, 2018 | M | 4,232 | $81.21 | A | 56,647 | D | |
| Common Stock | Aug 13, 2018 | S | 4,232 | $233.7965 | D | 52,415 | D | |
| Common StockF2 | Aug 14, 2018 | M | 5,768 | $81.21 | A | 58,183 | D | |
| Common StockF3 | Aug 14, 2018 | S | 5,768 | $233.93 | D | 52,415 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF4 | $81.21 | Aug 13, 2018 | M | 4,232 | D | — | Jun 13, 2024 | Common Stock | 4,232 | 12,037 | D |
| OptionF5 | $81.21 | Aug 14, 2018 | M | 5,768 | D | — | Jun 13, 2024 | Common Stock | 5,768 | 6,269 | D |
Explanation of responses
- F1Acquired through the exercise of stock options.
- F2Acquired through the exercise of stock options.
- F3Reflects the average sales price for the reported transaction ($233.93). The shares were sold in two transactions of 768 shares at a price of $233.0000 and 5,000 shares at a price of $234.0691.
- F4Option has graded vesting. Date exercisable will vary with each vesting tranche.
- F5Option has graded vesting. Date exercisable will vary with each vesting tranche.