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TYLER TECHNOLOGIES INC — Director's Dealing 2017
Aug 29, 2017
30230_dirs_2017-08-29_84771a41-511a-4cac-9efe-b1a5b857c466.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: 2017-08-25
Reporting Person: MARR JOHN S JR (Director, CEO and Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-08-25 | Common Stock | M | 11373 | $21.11 | Acquired | 350830 | Indirect |
| 2017-08-25 | Common Stock | S | 11373 | $170.2 | Disposed | 339457 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-08-25 | Option | $21.11 | M | 11373 | Disposed | 2020-12-15 | Common Stock (11373) | Direct |
Footnotes
F1: Acquired through the exercise of options.
F2: Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 233,303 shares owned directly; (b) 28,000 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) 89,527 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.
F3: Includes shares owned both directly and indirectly by the reporting person, as follows: (a) 221,930 shares owned directly; (b) 28,000 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) 89,527 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.
F4: Option has graded vesting. Date exercisable will vary with each vesting tranche.