TYLER TECHNOLOGIES INC — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TYLER TECHNOLOGIES INC (TYL)
CIK: 0000860731
Period of Report: 2020-03-01

Reporting Person: MILLER BRIAN K (Executive VP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-01	Performance-based Restricted Stock Unit	$	A	3333	Acquired		Common Stock (3333)	Direct
2020-03-01	Performance-based Restricted Stock Unit	$	A	1276	Acquired		Common Stock (1276)	Direct

Footnotes

F1: Each performance-based restricted stock unit represents a contingent right to receive one share of Issuer common stock.

F2: Vesting is subject to the Issuer's achievement of long-term performance goals based upon cumulative revenue growth over the three-year period ending December 1, 2022 and continued employment through March 1, 2023. The number of vested restricted stock units will be settled by the Issuer in Issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 120% of the number of restricted stock units awarded.

F3: Vesting is subject to the Issuer's achievement of short-term performance goals based upon non-GAAP earnings per share for the one-year period ending December 1, 2020 and continued employment through March 1, 2021. The number of vested restricted stock units will be settled by the Issuer in Issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 175% of the number of restricted stock units awarded.