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TYLER TECHNOLOGIES INC — Director's Dealing 2015
May 20, 2015
30230_dirs_2015-05-20_455368b6-4eeb-42f4-9fb2-3698df5c77c0.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: 2015-05-18
Reporting Person: MARR JOHN S JR (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-05-18 | Common Stock | M | 40000 | — | Acquired | 472396 | Direct |
| 2015-05-18 | Common Stock | S | 40000 | $122.42 | Disposed | 432396 | Direct |
| 2015-05-19 | Common Stock | M | 30000 | — | Acquired | 462396 | Direct |
| 2015-05-19 | Common Stock | S | 30000 | $123 | Disposed | 432396 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-05-18 | Option | $15 | M | 40000 | Disposed | 2018-05-15 | Common Stock (40000) | Direct |
| 2015-05-19 | Option | $15 | M | 30000 | Disposed | 2018-05-15 | Common Stock (30000) | Direct |
Footnotes
F1: Acquired through the exercise of stock options with an exercise price of $15 per share.
F2: Includes indirect ownership of: (a) 28,000 shares held in a descendant's trust in which Mr. Marr is deemed to have shared voting power; and (b) 120,277 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: Option had graded vesting from May 15, 2009 through May 15, 2013. Date exercisable will vary with each vesting tranche.