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TYLER TECHNOLOGIES INC — Director's Dealing 2014
Aug 25, 2014
30230_dirs_2014-08-25_a8c6f901-9abf-4c50-a2f4-b717ae72c0e7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TYLER TECHNOLOGIES INC (TYL)
CIK: 0000860731
Period of Report: 2014-08-21
Reporting Person: MARR JOHN S JR (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-08-21 | Common Stock | M | 30000 | $15 | Acquired | 505186 | Direct |
| 2014-08-21 | Common Stock | S | 30000 | $90.78 | Disposed | 475186 | Direct |
| 2014-08-22 | Common Stock | M | 20000 | $15 | Acquired | 495186 | Direct |
| 2014-08-22 | Common Stock | S | 20000 | $90.63 | Disposed | 475186 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-08-21 | Option | $15 | M | 30000 | Disposed | 2018-05-15 | Common Stock (30000) | Direct |
| 2014-08-22 | Option | $15 | M | 20000 | Disposed | 2018-05-15 | Common Stock (20000) | Direct |
Footnotes
F1: Acquired through the exercise of stock options with an exercise price of $15.00 per share.
F2: Includes indirect ownership of: (a) 43,000 shares held in a descendant's trust in which Mr. Marr is deemed to have shared voting power; and (b) 135,777 shares held in a partnership in which Mr. Marr is the general partner and is deemed to have sole voting and investment power. The partnership is owned 99% by a trust, in which Mr. Marr's children are the beneficiaries, and 1% by the general partner.
F3: Options vested at 80,000 per year on each of May 15, 2009, 2010, 2011, 2012, and 2013.