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TYLER TECHNOLOGIES INC — Director's Dealing 2021
May 21, 2021
30230_dirs_2021-05-21_19d32d69-cb0e-4d58-964f-8b0cbcbcf7a5.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: TYLER TECHNOLOGIES INC (TYL)
CIK: 0000860731
Period of Report: 2021-05-11
Reporting Person: Puckett Jeffrey David (Chief Operating Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3291 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option | $47.2 | 2022-12-14 | Common Stock (3000) | Direct | |
| Option | $68.17 | 2023-06-14 | Common Stock (2250) | Direct | |
| Option | $100.43 | 2023-12-13 | Common Stock (2250) | Direct | |
| Option | $81.21 | 2024-06-13 | Common Stock (2250) | Direct | |
| Option | $108.81 | 2024-12-15 | Common Stock (2250) | Direct | |
| Option | $121.05 | 2025-06-01 | Common Stock (2250) | Direct | |
| Option | $176.8 | 2025-12-01 | Common Stock (6250) | Direct | |
| Option | $154.85 | 2026-06-01 | Common Stock (8500) | Direct | |
| Option | $143.42 | 2026-12-01 | Common Stock (8500) | Direct | |
| Option | $171.44 | 2027-06-01 | Common Stock (5000) | Direct | |
| Option | $181.79 | 2027-12-01 | Common Stock (5000) | Direct | |
| Option | $231.68 | 2028-06-01 | Common Stock (2500) | Direct | |
| Option | $192.76 | 2028-12-01 | Common Stock (2500) | Direct | |
| Performance-based Restricted Stock Unit | $ | Common Stock (1500) | Direct | ||
| Option | $213.35 | 2029-06-01 | Common Stock (2500) | Direct | |
| Option | $290.17 | 2029-12-01 | Common Stock (2500) | Direct | |
| Performance-based Restricted Stock Unit | $ | Common Stock (2000) | Direct | ||
| Option | $375.85 | 2030-06-01 | Common Stock (2500) | Direct | |
| Option | $432.12 | 2030-12-01 | Common Stock (2500) | Direct | |
| Performance-based Restricted Stock Unit | $ | Common Stock (471) | Direct | ||
| Performance-based Restricted Stock Unit | $ | Common Stock (2350) | Direct |
Footnotes
F1: Option has graded vesting. Date exercisable will vary with each vesting tranche.
F2: Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative revenue growth over the three-year performance period ending December 31, 2021 and continued employment through March 1, 2022. 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 on actual performance during the performance period, the actual number of restricted stock units vesting may range from 0% to 120% of the number of restricted stock units awarded.
F3: Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock.
F4: Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative revenue growth over the three-year performance period ending December 31, 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 on actual performance during the performance period, the actual number of restricted stock units vesting may range from 0% to 120% of the number of restricted stock units awarded.
F5: Vesting is subject to the issuer's achievement of short-term performance goals based upon non-GAAP earnings per share for the one-year performance period ending December 31, 2021 and continued employment through March 1, 2022. 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 on 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.
F6: Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative recurring revenue growth over the three-year performance period ending December 31, 2023 and continued employment through March 1, 2024. 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 on actual performance during the performance period, the actual number of restricted stock units vesting may range from 0% to 150% of the number of restricted stock units awarded.