TYLER TECHNOLOGIES INC — Director's Dealing 2020

May 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TYLER TECHNOLOGIES INC (TYL)
CIK: 0000860731
Period of Report: 2020-05-12

Reporting Person: Cline Brenda A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-12	Common Stock	M	5000	$121.11	Acquired	8249	Direct
2020-05-12	Common Stock	S	5000	$336.0862	Disposed	3249	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-12	Restricted Stock Units	$	A	753	Acquired		Common Stock (753)	Direct
2020-05-12	Option	$121.11	M	5000	Disposed	2025-05-12	Common Stock (5000)	Direct

Footnotes

F1: Acquired through the exercise of stock options.

F2: Reflects the average sales price for the reported transactions. The reporting person will provide the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares sold at each separate price.

F3: Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.

F4: The restricted stock units vest 100% on the first anniversary of the date of grant and will be settled by the Issuer on such date, subject to the terms and conditions of Issuer's 2018 Stock Incentive Plan.

F5: Option has graded vesting. Date exercisable will vary with each vesting tranche.