AI assistant
TYLER TECHNOLOGIES INC — Director's Dealing 2018
Jun 5, 2018
30230_dirs_2018-06-05_950b0853-1d37-408b-a27c-1b9beb57ed49.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TYLER TECHNOLOGIES INC (TYL)
CIK: 0000860731
Period of Report: 2018-06-01
Reporting Person: MARR JOHN S JR (Director, Executive Chairman)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-06-01 | Option | $231.68 | A | 11250 | Acquired | 2028-06-01 | Common Stock (11250) | Direct |
| 2018-06-01 | Performance-based Restricted Stock Unit | $ | A | 7500 | Acquired | Common Stock (7500) | Direct |
Footnotes
F1: Option has graded vesting. Date exercisable will vary with each vesting tranche.
F2: Each performance-based restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F3: Vesting is subject to the Issuer's achievement of performance goals based upon cumulative revenue growth over a three-year performance period ending on December 31, 2020 and continued employment through March 1, 2021. The number of vested units will be settled by the Issuer in Issuer common stock on such date. The stated number of units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of units vested may range from 0% to 120% of the stated number of units awarded.